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9/15, 10:12 PM (Source: TeleTrader)
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FedEx reports Q1 revenue at $19.3B, up 14% YoY

FedEx Corp. reported on Tuesday its revenue in the first fiscal quarter of 2021 grew by 14% year-over-year to stand at $19.3 billion.

Operating income in the same period jumped 62% to $1.59 billion, with the operating margin standing at 8.2% compared to 5.7% a year ago. Net earnings were up 68% per annum to $1.25 billion, or $4.72 per share.

"Our earnings growth underscores the importance of our business initiatives and investments over the last several years, and, in many ways, the world has accelerated to meet our strategies," chief executive Frederick Smith said in the press release.

Breaking the News / MD