Author: Ian Taylor

FedEx Q3 results exceed expectations

FedEx has announced a third quarter (Q3) fiscal 2016 revenue of $12.7bn, up $1bn from last year. Reported net income was down 19% at $507m, but this was mainly down to legal costs at FedEx Ground and spending for acquisitions. Adjusted net income rose by about the same margin from $586m to $692m.

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