After many consecutive quarters of disappointing results, FedEx Corp. (NYSE:FDX) navigated its fiscal 2020 fourth quarter with numbers it could feel good about. Ironically, it happened during the ugliest three-month period for the world in decades.
The weak headline numbers released late Tuesday were expected given that the quarter coincided with the worst part of the coronavirus pandemic. Revenue was down slightly, while the company posted a net loss of $334 million. Operating income and...
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