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The Latest FedEx Headlines
FedEx 3Q Net Down, Sees Limited Earnings Growth
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<blockquote data-quote="cheryl" data-source="post: 317616" data-attributes="member: 1"><p><strong>FedEx 3Q Net Down, Sees Limited Earnings Growth - Smart Money</strong></p><p></p><p>FedEx Corp. (FDX) on Thursday warned that financial results in the current fiscal fourth quarter will be hampered by high fuel prices and a weak economy, conditions that are expected to restrain earnings growth into fiscal 2009.</p><p></p><p>The latest results and bleak outlook send a negative signal about broader economic prospects, as FedEx is considered an international economic bellwether owing to its central role in global supply chains. For FedEx, much like other large U.S.-based multinational companies, weakness in domestic operations is offsetting the benefits of international expansion.</p></blockquote><p></p>
[QUOTE="cheryl, post: 317616, member: 1"] [B]FedEx 3Q Net Down, Sees Limited Earnings Growth - Smart Money[/B] FedEx Corp. (FDX) on Thursday warned that financial results in the current fiscal fourth quarter will be hampered by high fuel prices and a weak economy, conditions that are expected to restrain earnings growth into fiscal 2009. The latest results and bleak outlook send a negative signal about broader economic prospects, as FedEx is considered an international economic bellwether owing to its central role in global supply chains. For FedEx, much like other large U.S.-based multinational companies, weakness in domestic operations is offsetting the benefits of international expansion. [/QUOTE]
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