FedEx Freight's first earnings as an independent company showed a steep profit drop
Operating income fell nearly 67% in the fourth quarter, weighed down by $205 million in spinoff costs, though revenue rose 4.8%
Overview
Operating income fell nearly 67% in the fourth quarter, weighed down by $205 million in spinoff costs, though revenue rose 4.8%
Source
Originally published at qz.com.
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