Quarterly revenue—at $22.8 billion—was off 3% annually, and net income—at $788 million—fell 25%. Operating income—at $1.176 billion—was off 26%. Diluted earnings per share—at $3.07—dropped 21%, topping Wall Street estimates of $2.83.
source https://www.supplychain247.com/article/lower_demand_and_volumes_drive_down_fedex_fiscal_second_quarter_earnings
source https://www.supplychain247.com/article/lower_demand_and_volumes_drive_down_fedex_fiscal_second_quarter_earnings
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