Why Wall Street Loves FedEx's Earnings Report
Yahoo! Finance
For its fiscal third quarter, FedEx reported a decline in revenue and earnings as the shipping company struggles with a slowdown in its business. Shares of FedEx (NYSE: FDX) rose about 8% as investors digested the company's earnings report. The Street's optimism for FedEx stock in the face of slowing sales comes down to the company's cost-cutting efforts.
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