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Fourth-quarter earnings rose 27% from a year ago at FedEx(FDX Quote), as both sales and margins improved amid growth in ground and international volume.
FedEx earned $568 million, or $1.82 a share, in the quarter, compared with earnings of $448 million, or $1.46 a share, a year ago. Analysts surveyed by Thomson First Call had been forecasting earnings of $1.77 a share in the most recent quarter.
Revenue rose 10% in the fourth quarter to $8.49 billion; analysts were predicting $8.42 billion. The company said its operating income rose 25% to $927 million and operating margins were 10.9% in the fourth quarter, up from 9.6% a year ago. ...
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