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FedEx reports better than expected numbers in Q4

FedEx reports better than expected numbers in Q4

FedEx reported better-than-expected results in Q4 as the surge in online buying amid Covid-19 offset higher costs. It reported a loss of $334mn, or $1.28 a share, compared to a loss of $1.97bn, or $7.56 a share, in the year-ago quarter. Adjusted for one-time items, the company earned $663mn, or $2.53 a share, compared with $5.01 a year ago. Sales fell slightly to $17.4bn from $17.8bn a year ago.

Milan
Milan
Top in Business