Wednesday, June 20, 2007

FedEx quarterly profit rises

(Reuters) - The Memphis, Tennessee-based company said net income for its 2007 fiscal fourth quarter ending May 31 rose 7 percent to $610 million or $1.96 a share, compared with $568 million or $1.82 a share a year earlier.



FedEx said the results included a gain from a settlement with Airbus related to its A380 order cancellation of approximately 6 cents a share.


Read more at Reuters.com Market News

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