reported better-than-expected profits and revenues in its most recent quarter after an "unprecedented" peak holiday shipping season, despite severe weather in February that "significantly impaired" operations at several of its largest hubs.Here's how FedEx did compared with what investors are expecting for the fiscal third quarter 2021, ending Feb. 28, based on estimates compiled by Refinitiv:Revenue: $21.51 billion vs. $19.95 billion expected.
The Memphis-bases logistics giant has become a key component to the U.S.' Covid-19 vaccine distribution efforts, alongside rival UPS. FedEx said in early March that it started shipping the third authorized shot fromThis is a developing story. Please check back later for updates.