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FedEx Profit Jumps, But Sales, Outlook Disappoint

2015-03-18 17:57:42| Air Courier - Topix.net

FedEx Corp.'s third-quarter profit jumped more than 50 percent and beat Wall Street expectations on a mix of volume growth and lower fuel costs. But the Memphis, Tennessee-based package delivery company's revenue edged up only slightly and missed expectations as lower fuel surcharges and unfavorable currency exchange rates tempered the benefits of volume growth.

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