FedEx profit leaps on e-commerce strength

Argo

24/06/2021 21:10

LOS ANGELES, June 24 (Reuters) - U.S. delivery firm FedEx
Corp  FDX.N  on Thursday reported quarterly profit that doubled
after pandemic-fueled demand for e-commerce services supported
higher fees and robust volumes contributed to cost savings.
    Fiscal fourth quarter adjusted net income at FedEx rose to
$1.36 billion, or $5.01 per share, from $663 million, or $2.53
per share, a year earlier. Revenue increased 30% to $22.6
billion.

 (Reporting by Lisa Baertlein in Los Angeles, Editing by Rosalba
O'Brien)
 ((lisa.baertlein@thomsonreuters.com; +1 310-491-7241; Reuters
Messaging: lisa.baertlein.thomsonreuters.com@reuters.net))