Good to hear this news about a Memphis-based business that has many NEMS ties. From MarketWatch:
NEW YORK (MarketWatch) -- FedEx Corp. on Thursday said its profit more than doubled on a sharp increase in its overnight delivery profits as it hiked its annual earnings outlook.
FedEx said third-quarter earnings climbed 146% to $239 million, or 76 cents a share, from $97 million, or 31 cents a share, in the year-ago period.
Revenue rose 7% to $8.7 billion.
The company beat the Wall Street target of 72 cents a share and the revenue estimate of $8.32 billion in a survey by FactSet Research.