FedEx sees profit gains on cost-cutting efforts

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Shares of FedEx (FDX) are trading higher in the premarket after the company issued its third quarter report. The company beat on profits for the quarter in...

) are trading higher in the premarket after the company issued its third quarter report. The company beat on profits for the quarter in what CEO Raj Subramaniam called a “difficult demand environment.” While missing on revenue expectations, the company surpassed adjusted EPS expectations of $3.46, coming in at $3.86.Key Insights Using the 2 Stage Free Cash Flow to Equity, Enbridge fair value estimate is CA$85.32 Current share price...

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