FedEx Corp. topped Wall Street’s third-quarter profit expectations and announced a new $5 billion share buyback plan as the courier said it’s seeing results from a plan to cut costs and boost margins.
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FedEx stock jumps on earnings beat, $5B share buybackFedEx (FDX) posted better-than-expected third-quarter earnings. Adjusted earnings per share of $3.86 per share topped the Street estimate of $3.46. Revenue...
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