This morning, FedEx (NYSE:FDX) reported fiscal second quarter earnings of $500 million, or $1.57 per share, as revenue rose by 3% to $11.4 billion. The logistics company missed Wall Street estimates for both earnings per share and revenue, but improved guidance prompted the stock to trade higher on Wednesday morning. The company said it now expects to earning in the range of $6.73 ro $7.10 per share for the fiscal year. In early trading, shares of FedEx were higher by 0.5%.
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