FedEx Corp. reported growing profits despite declining revenue in its first quarter of fiscal 2024 ended Aug. 31. FedEx revenue declined to $21.7 billion, down from $23.2 billion in the year-ago period. However, operating income grew over the same time period, up to $1.49 billion from $1.19 billion last year. Margins also improved, reaching 6.8%, […]
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