FedEx fiscal first quarter earnings reflect difficult market conditions

Quarterly revenue—at $22 billion—increased 6% annually, and operating income—at $1.23 billion—fell 17.4% annually, with adjusted net income—at $905 million—falling 23.9%. Diluted earnings per share—at $3.44—was down 21.3% and short of Wall Street estimates of $5.48.

source https://www.supplychain247.com/article/fedex_fiscal_first_quarter_earnings_reflect_difficult_market_conditions

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