By Ben GlickmanFedEx reported higher profit in the fiscal second quarter as weaker demand continued to pressure revenue. Analysts polled by FactSet expected per-share earnings of $3.97. Stripping out certain one-time items, adjusted per-share earnings came to $3.99, below the $4.19 forecast by analysts, according to FactSet. Revenue fell to $22.2 billion from $22.8 billion a year earlier, missing the $22.36 billion expected by analysts polled by FactSet. Write to Ben Glickman at ben.glickman@wsj.com(END) Dow Jones NewswiresDecember 19, 2023 16:28 ET (21:28 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal December 20, 2023 09:37 UTC