FedEx Shares Rise on Better-Than-Expected Quarterly Earnings
FedEx shares are higher after reporting better-than-expected quarterly results.
FedEx (FDX) - Get Report shares are higher Wednesday after reporting better-than-expected quarterly results. Earnings of $2.90 a share beat estimates of $2.81. Revenue of $14.66 billion topped estimates of $14.61 billion. FedEx reminded investors and customers alike that rates on FedEx Express, FedEx Ground, FedEx Freight and FedEx Home Delivery will rise next year. TheStreet's Scott Gamm reports from Wall Street.
