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FedEx tops third-quarter earnings expectations, but its stock falls as investors weigh guidance
Supply Chain Dive reports FedEx won air freight business from an AI data center customer it largely served through parcels.
TLDR
Barron's reports FedEx earned $3.74 per share in the third quarter, above Wall Street's $3.34 expectation, yet its stock fell as investors weighed guidance. Supply Chain Dive says FedEx is seeking more air freight business from customers who have relied on its parcel services. FedEx's CEO said it recently won such business from an AI data center customer after a relationship of more than 40 years focused largely on parcel shipping.
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