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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

FedEx Bets On Cost Cuts To Boost Margins, Says Analyst

FedEx FDX Ken Hoexter
Fedex

FedEx Corporation (NYSE:FDX) shares surged as the company reported a strong quarterly performance, surpassing revenue and profit expectations.

The company reported adjusted earnings per share of $3.83, beating the consensus estimate of $3.62. In addition, FedEx reported sales of $22.20 billion, beating the consensus estimate of $21.66 billion.

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