FedEx, with two leadership changes in three months, received a pleasing second quarter report.
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UPS quarterly results are in and Wall Street is happy with this earnings surprise. UPS earned $1.94 per share, beating Wall Street’s estimate of $1.93.
FedEx is shipping more packages and charging more than ever to do it. FedEx announced its fiscal revenue was up 7.9% at $65.5 billion over FY 2017, and revenue was up 9.1% at $17.3 billion for the fourth quarter. It was another record earnings report, a year-by-year trend we’re getting used to.