FedEx Projects Profit Growth This Year

FedEx earnings for the fiscal fourth quarter topped Wall Street estimates and the courier is projecting that profit will grow this year. The results suggest cost-cutting efforts are working. Peter McNally of Third Bridge breaks down the earnings on "Bloomberg… FedEx earnings for the fiscal fourth quarter topped Wall Street estimates and the courier is projecting that profit will grow this year. The results suggest cost-cutting efforts are working. Peter McNally of Third Bridge breaks down the earnings on "Bloomberg The Close." (Source: Bloomberg)