This morning, FedEx (NYSE:FDX) reported fiscal first quarter earnings of $489 million, or $1.53 per share, as revenue climbed by 2% to just over $11 billion. The company topped Wall Street estimates for both the top and bottom line, pushing shares higher on Wednesday morning. In the report, FedEx left its earnings forecast unchanged for the fiscal year, with growth expected to be in the range of 7% to 13%. Shares of FedEx were touching new 52 week highs on the news.
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