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FedEx Q1 profit $1.25 billion

Christian Fernsby |
FedEx reported first quarter profit of $1.25 billion compared with last year's profit of $745 million.

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Topics: FEDEX   

Revenues for the quarter rose to $19.3 billion from $17.0 billion last year.

Looking forward, FedEx said it is not providing an earnings forecast for fiscal 2021.

"While business demand improved in the first quarter, continued uncertainties cloud our ability to forecast full-year earnings," said CFO Alan Graf, Jr. "However, we expect to continue to benefit from our strong position in the U.S. and international package and freight markets, yield improvement opportunities and cost management initiatives."

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