FedEx fights to grow profits in pandemic
FedEx stock soared and analysts increased profit forecasts and stock price targets, after fourth-quarter earnings, reported Tuesday, June 30, beat Wall Street’s expectations. (Jim Weber/Daily Memphian file)
E-commerce and a shortage of air cargo capacity pushed FedEx fourth quarter earnings well past analysts' expectations. Analysts wonder if trends will continue – and produce a desired goal of double-digit profits.
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FedEx TNT Express e-commerce shipping industry COVID-19 Subscriber OnlyThank you for reading The Daily Memphian. Your support is critical.
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Wayne Risher
Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.
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