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FedEx tops Street 2Q forecasts

DALLAS – FedEx shares rose Wednesday as the shipping company said that quarterly profit rose 4 percent, helped by growth in online shopping and lower costs in its core express-delivery business. The latest results cover the three months ending Nov. 30, capturing a sliver of the key holiday-shipping period. FedEx has predicted that holiday shipments would rise 12.4 percent over last year because of the continuing growth in online shopping.

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