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The Latest FedEx Headlines
FedEx slashes FY09 outlook, shares fall 11 pct
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<blockquote data-quote="cheryl" data-source="post: 443487" data-attributes="member: 1"><p><strong>FedEx slashes FY09 outlook, shares fall 11 pct - Reuters</strong></p><p></p><p>FedEx Corp said on Monday it expects to report a better-than-expected second-quarter profit, but slashed its fiscal 2009 outlook as a weakening U.S. economy offsets lower fuel prices, sending its shares down more than 11 percent in after-market trading.</p><p></p><p>The package delivery company's earnings warning came minutes after trucking and logistics company Con-way Inc cut its full-year 2008 earnings outlook.</p></blockquote><p></p>
[QUOTE="cheryl, post: 443487, member: 1"] [B]FedEx slashes FY09 outlook, shares fall 11 pct - Reuters[/B] FedEx Corp said on Monday it expects to report a better-than-expected second-quarter profit, but slashed its fiscal 2009 outlook as a weakening U.S. economy offsets lower fuel prices, sending its shares down more than 11 percent in after-market trading. The package delivery company's earnings warning came minutes after trucking and logistics company Con-way Inc cut its full-year 2008 earnings outlook. [/QUOTE]
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FedEx slashes FY09 outlook, shares fall 11 pct
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