High fuel costs pinch FedEx outlook, stock falls

[cheryl]

High fuel costs pinch FedEx outlook, stock falls - Reuters

Package delivery company FedEx Corp cut its earnings forecast for the current quarter on Friday, citing higher fuel prices and weaker demand for less-than-truckload shipments.

FedEx shares fell as much as 5 percent, touching their lowest level since early 2006.

 

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And the stock price has went through the roof since this thread started.