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FedEx profit drops less than investors feared
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<blockquote data-quote="cheryl" data-source="post: 1069200" data-attributes="member: 1"><p><strong>FedEx profit drops less than investors feared - Reuters</strong></p><p></p><p>FedEx Corp profit fell 11.9 percent in the second quarter, less than investors had feared, as the No. 2 U.S. package delivery company struggled to improve demand at its air freight business.</p><p></p><p>The company reported fiscal second-quarter earnings of $438 million, or $1.39 per share, on Wednesday, compared with $497 million, or $1.57 per share, a year earlier.</p><p></p><p>Disruptions relating to Superstorm Sandy - which walloped the East Coast late in October and killed more than 130 people - pulled earnings down by about 11 cents per share.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1069200, member: 1"] [B]FedEx profit drops less than investors feared - Reuters[/B] FedEx Corp profit fell 11.9 percent in the second quarter, less than investors had feared, as the No. 2 U.S. package delivery company struggled to improve demand at its air freight business. The company reported fiscal second-quarter earnings of $438 million, or $1.39 per share, on Wednesday, compared with $497 million, or $1.57 per share, a year earlier. Disruptions relating to Superstorm Sandy - which walloped the East Coast late in October and killed more than 130 people - pulled earnings down by about 11 cents per share. [/QUOTE]
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