UPDATE: FedEx Posts Higher FQ1 Profit
FedEx (NYSE: FDX) reported a rise in its fiscal first-quarter profit.
FedEx's quarterly profit surged to $489 million, or $1.53 per share, versus a year-ago profit of $459 million, or $1.45 per share.
Its revenue gained 2% to $11 billion from $10.8 billion. However, analysts were estimating earnings of $1.50 per share on revenue of $11 billion.
FedEx shares gained 2.21% to $113.13 in pre-market trading.
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