FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs. The Memphis-based shipping company said it expects profits of $1.45 to $1.50 per share for the three months ended May 31, down from its previous prediction of $1.60 to $1.80 per share. More: continued here
Read More »FedEx cuts profit forecast on fuel (Gulf Daily News)
BOSTON: US package delivery company FedEx Corporation slashed its quarterly earnings forecast, blaming surging fuel prices and a drop in demand caused by the weak economy.Quarterly fuel costs for FedEx’s fleets of purple-and-orange trucks and planes rose by more than 7 per cent, or $100 million, since it set financial …
Read More »NewsWatch: FedEx warns of lower profit, shares dip late (Market Watch)
FedEx Corp. warns that fourth-quarter earnings are poised to come up well short of prior targets, adding that if oil prices continue to rise from this point, there will likely be even more damage to the bottom line. More: continued here
Read More »Citing Fuel Costs, FedEx Cuts Its Outlook (NYTimes.com via Yahoo! Finance)
Fedex said its fuel costs have risen by more than 7 percent since it issued its guidance in March. It added that weak economic conditions have resulted in lower demand. More: continued here
Read More »FedEx lowers 4th-quarter forecast, blames high cost of fuel, weak shipping demand (The Trucker)
FedEx said the weak U.S. economy is holding down demand for domestic express shipments and less-then-truckload freight services. More: continued here
Read More »FedEx cuts profit forecast due to fuel prices (Reuters via Yahoo! News)
Package delivery company FedEx Corp slashed its quarterly earnings forecast on Friday, blaming surging fuel prices. More: continued here
Read More »FedEx cuts profit forecast on fuel costs (Reuters via Yahoo! News)
Package delivery company FedEx Corp slashed its quarterly earnings forecast on Friday, blaming surging fuel prices and a drop in demand caused by the weak economy, sending its shares down 3 percent. More: continued here
Read More »FedEx cuts 4Q profit forecast, blames fuel costs (Washington Post)
MEMPHIS, Tenn. — FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs. More: continued here
Read More »FedEx Lowers Profit Outlook on Higher Fuel Costs, Lower Demand (Bloomberg.com)
May 10 (Bloomberg) — FedEx Corp. , the second-largest U.S. package-shipping company, said fourth-quarter profit will miss its forecast after surging fuel prices raised costs by at least $100 million more than estimated. More: continued here
Read More »FedEx Lowers Profit Outlook, Cites Higher Fuel Costs (Update2) (Bloomberg.com)
May 9 (Bloomberg) — FedEx Corp. , the second-largest U.S. package-shipping company, said fourth-quarter earnings will be below its earlier forecast after surging fuel prices raised costs by at least $100 million more than estimated. More: continued here
Read More »