CHICAGO: Package delivery company FedEx Corp on Tuesday reported a higher net profit, driven by rising revenue in its express, ground and freight business units.
The Memphis-based company posted net income for its fiscal first quarter ended Aug. 31 of $715 million or $2.65 per share, compared with $692 million or $2.42 per share a year earlier.
On an adjusted basis the company earned $2.90 per share.
Analysts had on average expected earnings per share of $2.81.
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