Dec. 8 (Bloomberg) — FedEx Corp. , the second-biggest U.S. package-shipping company, revised its fiscal 2009 earnings forecast to no more than $4.75 a share from as much as $5.25, blaming the “significantly weaker” economy. More: continued here
Read More »FedEx slashes fiscal 2009 profit outlook (AP via Yahoo! Finance)
FedEx Corp. is cutting its forecast for fiscal 2009 earnings as the slumping economy cuts into package deliveries. FedEx said Monday it expects to earn $3.50 to $4.75 per share, down from its previous estimate of $4.75 to $5.25 per share. More: continued here
Read More »FedEx slashes fiscal 2009 profit outlook (Knoxville News Sentinel)
MEMPHIS, Tenn. — FedEx Corp. is cutting its forecast for fiscal 2009 earnings as the slumping economy cuts into package deliveries. More: continued here
Read More »(AFX UK Focus) 2008-12-08 21:55 AFTER THE BELL-Fedex shares down after posting expected earnings (Interactive Investor)
NEW YORK, Dec 8 (Reuters) – Shares of Fedex Corp fell 3.4 percent to $71.93 in extended trade on Monday after the company reported its expected second-quarter earnings. The company also said it saw significantly weaker macroeconomic conditions offsetting benefits from lower fuel prices. For details, see (Reporting by Deepa …
Read More »FedEx slashes fiscal 2009 profit outlook (WSYR 9 Syracuse)
FedEx Corp. is cutting its forecast for fiscal 2009 earnings as the slumping economy cuts into package deliveries. More: continued here
Read More »Fedex Corp Cuts Year Forecast, Sees 2Q Within Range (Bloomberg)
Dec. 8 (Bloomberg) — Fedex Corp. cut its fiscal 2009 forecast to $3.50 to $4.75 per diluted share from the previous guidance of $4.75 to $5.25, as significantly weaker conditions are expected to offset the benefits from lower fuel prices. More: continued here
Read More »FedEx Corp. Reports Expected Second Quarter Earnings (Business Wire via Yahoo! Finance)
MEMPHIS, Tenn.—-FedEx Corporation today announced that it expects to report earnings of $1.58 per diluted share for the second quarter ended November 30. Previous earnings guidance for the quarter was $1.40 to $1.60 per diluted share. More: continued here
Read More »'Mega Monday' For Online Shoppers – Sky News
MSN Money UK 'Mega Monday' For Online ShoppersSky News, UK –1 hour ago'Mega Monday' comes a day after eBay's hoped-for 'Super Sunday'. The auction website hoped to sell 27 items every second and welcome nearly 4.5m visitors on …Online shopping boosted by recessionUtalkmarketingONLINE SHOPPERS ARE SET TO SPEND £450M IN A DAYUK …
Read More »2 FedEx units plan to raise rates by 5.7 (Courier-Post)
MEMPHIS, Tenn. — FedEx Freight and FedEx National LTL plan to raise general rates by 5.7 percent, effective Jan. 5.The less-than-truckload companies are part of the FedEx Freight operating segment of the FedEx Corp., based in Memphis. More: continued here
Read More »FedEx settles suit for $26.8 million; case filed in S.B. still pending (South Bend Tribune)
NEW YORK (AP) — FedEx Corp. said Friday it will pay $26.8 million to settle a case in its ongoing battle over whether its Ground unit workers are illegally classified as independent contractors instead of employees. More: continued here
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