FedEx posts earnings of $2.01 a share vs $1.87 estimate

Wall Street forecast FedEx would deliver fiscal third-quarter earnings per share of $1.87 on $11.79 billion in revenue, according to consensus estimates from Thomson Reuters. In January, FedEx announced that it had completed its acquisition of logistics provider GENCO, in a move to tackle the evolving retail and e-commerce markets. During the past year,...