Why Fedex (fdx) Stock Is Up Today

twocents@thestreet.com (Tedd Cohen), The Street
Wed, 09/17/2014 - 5:05am

NEW YORK (TheStreet) -- Shares of FedEx Corp. are up 2.48% to $158.50 in pre-market trade after theatransportation, e-commerce and business services companyareported a 24% increase in quarterly profit , benefiting from higher volumes in its expressaand ground businesses, Reuters reports. Net income was $606 million, or $2.l0 per share, in the first quarter ended Aug.

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