Shares of FedEx Corp. jumped after hours on Thursday after the package deliverer reported third-quarter results that beat expectations and raised its profit forecast, as it tries to battle weaker demand with aggressive cost cuts.
FedEx FDX reported fiscal third-quarter net income of $771 million, or $3.05 a share, compared with $1.11 billion, or $4.20 a share, in the same quarter last year. Revenue fell to $22.2 billion, compared with $23.6 billion in the same quarter last year.
Adjusted…
