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FedEx stock falls nearly 7% amid ongoing business challenges – CNN


On Tuesday, the company reported net income of $660 million for the three months ending November 30, down nearly 40% from the same period a year earlier. Revenue fell to $17.3 billion from $17.8 billion over that time. Shares in FedEx (FDX) dropped nearly 7% in after-hours trading Tuesday following the earnings release. “We are …