FedEx Surges as Wall Street Applauds Beat and Boosts Targets
A cargo truck, operated by FedEx Corp., travels on a highway near the French border in Calais, France. (Photographer: Christophe Morin/Bloomberg)

FedEx Surges as Wall Street Applauds Beat and Boosts Targets

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(Bloomberg) -- FedEx Corp. surprised bullish and sidelined analysts alike by posting a quarterly profit that topped estimates as the courier’s cost-cutting initiatives limited hits to margins despi...
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