FedEx Cites Higher Package Yields, Volumes and Cost Cuts Behind Q3 Results
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08:39:27 PM UTC
SquawkNews
MEMPHIS (dpa-AFX) - FedEx Corp. (FDX) on Wednesday reported a drop in profit for the third quarter; however, adjusted earnings and revenue increased from last year. The company also raised its full-year 2026 financial outlook, driven largely by stronger package yields, higher volumes, and continued…