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FedEx Earnings To Show Weak Global Business Environment

FedEx is scheduled to announce the first quarter (June-August 2012) earnings report of its fiscal year 2013 on Tuesday, September 18th. The company in a recent announcement cut its earnings per share guidance range for the quarter to $1.37–$1.43, from the earlier indicated $1.45–$1.60. Its EPS for the corresponding period last year was $1.46.

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