FedEx stock rallies 9% as online shopping sprees boost company’s quarterly results
FedEx Corp. stock rallied late Tuesday after the deliveries and logistics company reported better-than-expected adjusted profit and sales in its fiscal fourth quarter, as the surge in online buying amid the coronavirus pandemic offset higher costs and thinner margins. FedEx FDX, +4.21% reported a loss of $334 million, or $1.28Read More →