FedEx Boosts 2017 Outlook After Topping Quarterly Estimates

  • E-commerce growth fuels gains in first-quarter revenue, volume
  • Shipper sees $750 million in annual benefits from TNT Express

FedEx Corp., owner of the world’s largest cargo airline, raised its full-year profit forecast as continued growth in e-commerce deliveries helped push earnings for the fiscal first quarter ahead of analysts’ estimates.

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