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FedEx Shares up as US Deliveries, Cost Cuts Boost Profits
2 Articles
2 Articles
FedEx shares up as US deliveries, cost cuts boost profits
Shares of FedEx rose on Wall Street today after the parcel giant's first-quarter results surprised Wall Street, driven by strong domestic deliveries and cost-cutting measures that offset a tariff-induced decline in international volumes.
·Ireland
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Fedex earned more in the first quarter of the financial year than analysts expected. Cost reductions offset declining international parcel volumes. The logistics group's share responded with significant price gains.
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