A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC.
Drew Angerer | Getty Images News
U.S. package delivery company FedEx 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.