FedEx reported net income for its fiscal first quarter ended Aug. 31 of $494 million, up 4% over a net profit of $475 million in the year-ago period, on an 8% rise in revenue to $9.2 billion, but lowered its full-year earnings guidance owing to an uncertain US economy. "FedEx increased its revenue and earnings against the backdrop of a sluggish US economy," Chairman, President and CEO Frederick Smith said. "Outside of the United States, the economy is generally solid. . .I continue to ...

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