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FedEx cuts quarterly profit view

SAN FRANCISCO (MarketWatch) — FedEx said late Tuesday profit for the quarter ended Aug. 29 will be below the company's original target. The announcement sent FedEx shares down 4% to $84 in after-hours … More: continued here

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FedEx Cuts Q1 Outlook On Economic Softness

Shares of FedEx Corp. slid 3.5 percent in after-hours trade on Tuesday after the delivery giant slashed its earnings guidance for the first quarter, with economic softness stifling growth at its air cargo unit FedEx Express. FedEx, whose results are considered a key barometer of economic activity, said softness in …

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