FedEx rides online shopping to beat Wall Street forecasts

DALLAS (AP) — FedEx rode the growth in online shopping to beat Wall Street expectations for the holiday season, although profit fell 19 percent because of legal bills and acquisition costs.The package delivery company said Wednesday that peak-season demand was better than expected. FedEx raised its profit forecast for its current fiscal year and its shares jumped more than 6 percent in after-hours trading.
FedEx Corp. has prospered from online shopping by delivering packages to consumers w