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FedEx Corp. reported net income of $339 million for the first quarter, up 3% from $330 million last year.
The Memphis company reported revenue of $7.71 billion for the quarter ended Aug. 31, up 10% from $6.98 billion the previous year.
The delivery service reported total combined average daily package volume at FedEx Express and FedEx Ground grew 5% year over year for the quarter, which it attributed to due to continued growth in international express, U.S. domestic express and ground shipments.
