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The Latest FedEx Headlines
FedEx profit beats expectations but shares fall
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<blockquote data-quote="cheryl" data-source="post: 743416" data-attributes="member: 1"><p><strong>FedEx profit beats expectations but shares fall - Reuters</strong></p><p></p><p>FedEx Corp (FDX.N) said on Wednesday that costs will pinch profits in 2011, sending its shares down despite reporting a quarterly profit that beat analysts' expectations.</p><p></p><p>The company projected 2011 earnings per share in the range of $4.40 to $5.00, disappointing Wall Street, which had expected $5.05 per share, according to Thomson Reuters I/B/E/S.</p><p></p><p>"We had a much bigger pension hit than I think most people were anticipating," Chief Financial Officer Alan Graf Jr told analysts on a conference call.</p></blockquote><p></p>
[QUOTE="cheryl, post: 743416, member: 1"] [B]FedEx profit beats expectations but shares fall - Reuters[/B] FedEx Corp (FDX.N) said on Wednesday that costs will pinch profits in 2011, sending its shares down despite reporting a quarterly profit that beat analysts' expectations. The company projected 2011 earnings per share in the range of $4.40 to $5.00, disappointing Wall Street, which had expected $5.05 per share, according to Thomson Reuters I/B/E/S. "We had a much bigger pension hit than I think most people were anticipating," Chief Financial Officer Alan Graf Jr told analysts on a conference call. [/QUOTE]
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