{"id":284065,"date":"2021-06-25T21:14:20","date_gmt":"2021-06-25T18:14:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fedex-posts-profit-as-online-shopping-boom-continues\/"},"modified":"2021-06-25T21:14:20","modified_gmt":"2021-06-25T18:14:20","slug":"fedex-posts-profit-as-online-shopping-boom-continues","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fedex-posts-profit-as-online-shopping-boom-continues\/","title":{"rendered":"#FedEx posts profit as online shopping boom continues"},"content":{"rendered":"

“#FedEx posts profit as online shopping boom continues<\/strong>”<\/p>\n

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FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by a surge in online shopping and the growth of its business-to-business shipping services.<\/p>\n

Package delivery companies like FedEx have been in high demand during the pandemic, as more people stayed home and shopped online. At the same time, FedEx has been delivering COVID-19 vaccines.<\/p>\n

The Memphis, Tennessee-based company reported net income of $1.87 billion for the three months ending May 31, compared with a $334 million loss in the same period the year before.<\/p>\n

Adjusted earnings came to $5.01 per share, missing Wall Street expectations by 3 cents, according to Zacks Investment Research.<\/p>\n

FedEx said revenue rose 30 percent to $22.57 billion, beating expectations.<\/p>\n

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\"A
Package delivery companies like FedEx have been in high demand during the pandemic, as more people stayed home and shopped online.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n

Shares of FedEx Corp., which have more than doubled in the last year, were down 3.7 percent, to $291.67, Friday afternoon.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#FedEx posts profit as online shopping boom continues” FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by a surge in online shopping and the growth of its business-to-business shipping services. Package delivery companies like FedEx have been in high demand during the pandemic,…<\/p>\n","protected":false},"author":1,"featured_media":284066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/06\/fedex-reports-profit-increase.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[110313,70237,81849,72446],"class_list":["post-284065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-25-21","tag-corporate-earnings","tag-fedex","tag-online-shopping"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/284065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=284065"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/284065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/284066"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=284065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=284065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=284065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}