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Telecomunicaciones y tecnología

FedEx reports higher quarterly profit


    NEW YORK (Reuters) - Package delivery giant FedEx Corp posted sharply higher quarterly profit, citing an improving global economy.

    Memphis-based FEDEX (FDX.NY)eported profit for its fiscal third quarter ended Feb 28 of $239 million, or 76 cents per share, up from $97 million, or 31 cents per share, a year earlier.

    Revenue rose 7 percent to $8.7 billion.

    Like its main rival, Atlanta-based United Parcel Service Inc , FedEx is considered a bellwether of U.S. economic activity. When the economy does well, companies and consumers ship more goods; in a recession, package volumes drop.

    (Reporting by Helen Chernikoff; editing by John Wallace)