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The Latest FedEx Headlines
FedEx profit hit by fuel, global economy
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<blockquote data-quote="cheryl" data-source="post: 400875" data-attributes="member: 1"><p><strong>FedEx profit hit by fuel, global economy - Reuters</strong></p><p></p><p>Package delivery company FedEx Corp (FDX.N) reported quarterly profit in line with estimates, but said earnings had been hurt by challenging global economic conditions and high fuel prices.</p><p></p><p>The Memphis, Tennessee-based company reported a first-quarter fiscal 2009 net profit of $384 million, or $1.23 a share, compared with $494 million, or $1.58 a share, a year earlier.</p></blockquote><p></p>
[QUOTE="cheryl, post: 400875, member: 1"] [B]FedEx profit hit by fuel, global economy - Reuters[/B] Package delivery company FedEx Corp (FDX.N) reported quarterly profit in line with estimates, but said earnings had been hurt by challenging global economic conditions and high fuel prices. The Memphis, Tennessee-based company reported a first-quarter fiscal 2009 net profit of $384 million, or $1.23 a share, compared with $494 million, or $1.58 a share, a year earlier. [/QUOTE]
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