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© Reuters. FILE PHOTO: A FedEx truck is driven through downtown in Los Angeles © Reuters. FILE PHOTO: A FedEx truck is driven through downtown in Los Angeles

(Reuters) - U.S. package delivery company FedEx Corp (N:FDX) posted a 13.5% rise in quarterly revenue on Tuesday, boosted by an increase in domestic residential shipments during the COVID-19 pandemic.

Adjusted net income rose to $1.28 billion, or $4.87 per share, in the first quarter ended Aug. 31, from $800 million, or $3.05 per share, a year earlier.

Revenue rose to $19.3 billion from $17 billion.


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