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The Latest FedEx Headlines
FedEx Plunges Most Since 2008
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<blockquote data-quote="cheryl" data-source="post: 881364" data-attributes="member: 1"><p><strong>FedEx Plunges Most Since 2008 - Bloomberg</strong></p><p></p><p>FedEx Corp. (FDX), operator of the world’s biggest cargo airline, had its biggest drop since December 2008 after cutting its full-year profit forecast amid declining demand in the U.S. and Asia.</p><p></p><p>Per-share earnings for the year will be $6.25 to $6.75, 10 cents lower than the previous range, the Memphis, Tennessee- based company said today in a statement. Analysts had projected $6.35, the average of estimates in a Bloomberg survey.</p></blockquote><p></p>
[QUOTE="cheryl, post: 881364, member: 1"] [B]FedEx Plunges Most Since 2008 - Bloomberg[/B] FedEx Corp. (FDX), operator of the world’s biggest cargo airline, had its biggest drop since December 2008 after cutting its full-year profit forecast amid declining demand in the U.S. and Asia. Per-share earnings for the year will be $6.25 to $6.75, 10 cents lower than the previous range, the Memphis, Tennessee- based company said today in a statement. Analysts had projected $6.35, the average of estimates in a Bloomberg survey. [/QUOTE]
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