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FedEx Corporation Q1 income down 10%

Staff Writer |
FedEx Corporation released earnings for first quarter that decreased compared to the same period last year.

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The company said its profit fell to $683 million, or $2.51 per share. This was lower than $760 million, or $2.82 per share, in last year's first quarter.

The company said revenue for the quarter rose 4.1% to $15.3 billion. This was up from $14.7 billion last year.


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