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FedEx Saying We’re No UPS Fails to Erase Stock Slump
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<blockquote data-quote="cheryl" data-source="post: 1555940" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/articles/2015-01-23/fedex-saying-we-re-no-ups-fails-to-erase-stock-slump" target="_blank"><strong>FedEx Saying We’re No UPS Fails to Erase Stock Slump - Bloomberg</strong></a></p><p></p><p>Minutes after UPS sent its stock tumbling with a surprise warning that fourth-quarter profit was cut by surging costs, FedEx took an unusual step.</p><p></p><p>The competing package-delivery company issued a succinct statement meant to reassure investors: We’re sticking with our forecast for 2015 profit. FedEx Corp.’s per-share earnings will be $8.50 to $9 this year, same as the company said before. That assumes moderate economic growth and a modest benefit from falling fuel prices.</p><p></p><p>The message was clear. FedEx wants to avoid being compared with United Parcel Service Inc., which suffered after spending a fortune to ensure that packages get delivered on time during the year-end peak-demand season. Sure, UPS avoided the delays that marred the 2013 holiday. Even so, margins were crimped by all those increased expenses for a system that wasn’t fully utilized some days.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1555940, member: 1"] [URL='http://www.bloomberg.com/news/articles/2015-01-23/fedex-saying-we-re-no-ups-fails-to-erase-stock-slump'][B]FedEx Saying We’re No UPS Fails to Erase Stock Slump - Bloomberg[/B][/URL] Minutes after UPS sent its stock tumbling with a surprise warning that fourth-quarter profit was cut by surging costs, FedEx took an unusual step. The competing package-delivery company issued a succinct statement meant to reassure investors: We’re sticking with our forecast for 2015 profit. FedEx Corp.’s per-share earnings will be $8.50 to $9 this year, same as the company said before. That assumes moderate economic growth and a modest benefit from falling fuel prices. The message was clear. FedEx wants to avoid being compared with United Parcel Service Inc., which suffered after spending a fortune to ensure that packages get delivered on time during the year-end peak-demand season. Sure, UPS avoided the delays that marred the 2013 holiday. Even so, margins were crimped by all those increased expenses for a system that wasn’t fully utilized some days. [/QUOTE]
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