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FedEx (NYSE:FDX) Corporation (FedEx (NYSE:FDX)) traded lower after the company’s fiscal third-quarter earnings missed Wall Street expectations, as higher transportation and wage rates ate into profits during the quarter. For the three months ended February 28, FedEx (NYSE:FDX) posted a profit of $1.1 billion, or $4.20 a share, compared with $892 million, or $3.30 a share, in the same period a year earlier.
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