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FedEx’s 3Q Income Improves
FedEx Corp. said Thursday its fiscal third-quarter profit and revenue increased from a year ago, citing an improving global economy.
Net income rose to $239 million, or 76 cents per share, from $97 million, or 31 cents, a year ago.
Revenue for the quarter ended Feb. 28 rose 7% to $8.7 billion, the company said in a statement.
Despite the improvement, less-than-truckload unit FedEx Freight’s operating loss widened to $107 million, from an operating loss of $59 million a year ago, though revenue rose 14% to $1.04 billion
http://www.ttnews.com/articles/base..._medium=newsletter&utm_campaign=newslette
FedEx Corp. said Thursday its fiscal third-quarter profit and revenue increased from a year ago, citing an improving global economy.
Net income rose to $239 million, or 76 cents per share, from $97 million, or 31 cents, a year ago.
Revenue for the quarter ended Feb. 28 rose 7% to $8.7 billion, the company said in a statement.
Despite the improvement, less-than-truckload unit FedEx Freight’s operating loss widened to $107 million, from an operating loss of $59 million a year ago, though revenue rose 14% to $1.04 billion
http://www.ttnews.com/articles/base..._medium=newsletter&utm_campaign=newslette