FedEx profits double
FedEx Corp. said today its quarterly profits more than doubled from a year earlier because of gains in ground deliveries, but warned that the next quarter may fall short of Wall Street forecasts. FedEx reported net income of $236 million, or 78 cents a share, in the fiscal fourth quarter, which ended May 31, compared with $113 million, or 38 cents a share, a year earlier. Analysts had predicted that