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FedEx turns in solid fiscal second quarter earnings results

Revenue—at $20.6 billion—was up 16% annually, and operating income—at $1.47 billion—well outpaced the $554 million recorded for the same period a year ago. The company’s quarterly net income on an adjusted basis—at $1.23 billion—topped the $560 million recorded for the same quarter last year. Adjusted earnings per share—at $4.15—was ahead of the $2.13 per share, from a year ago, and beat Wall Street expectations, of $4.01 per share.
Source: logistics Mgmt

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