The quarterly profit of the US corporation FedEx grew by 40%


FedEx, one of the world's largest express delivery corporations, reported that following the results of the first quarter, which ended in August, its net profit rose 40% year-on-year to $835 million. Adjusted earnings were 3 dollars 46 cents per share, experts had predicted 3 dollars 80 cents per share. Revenues increased to 17 billion 100 million dollars, while analysts had expected the figure at 16 billion 900 million dollars. The growth in quarterly indicators was facilitated by an increase in traffic volumes and a decrease in tax payments. China's share in the company's total revenue is 2%.

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