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.