MEMPHIS, March 20 — FedEx reported a 6 percent drop in third-quarter earnings Thursday because of high oil prices and a slow U.S. economy, and indicated that it would miss Wall Street forecasts for the fourth quarter. More: continued here
Read More »Oil Prices Hurt Earnings at FedEx (NYTimes.com via Yahoo! Finance)
FedEx said that its third-quarter earnings fell 6 percent on high oil prices and a slow American economy, but beat analysts’ expectations. More: continued here
Read More »FedEx Says Profit Declined, Sees `Limited Growth’ (Update4) (Bloomberg.com)
March 20 (Bloomberg) — FedEx Corp. said profit fell for the second straight quarter and would decline in the current period as soaring fuel costs and an economy teetering on the brink of recession reduced demand for U.S. package shipping. More: continued here
Read More »FedEx posts lower profit on weaker U.S. economy (Market Watch)
FedEx reports a third-quarter profit drop of 6.4% as a result of higher fuel prices and a weak U.S. economy capping demand for its domestic express business and other shipping services. More: continued here
Read More »Fuel costs eat into Fedex profit (BBC News)
The rising cost of fuel will impact on future earnings at Fedex, the delivery company says. More: continued here
Read More »FedEx Reports Third-Quarter Net Income Declined to $393 Million (Bloomberg.com)
March 20 (Bloomberg) — FedEx Corp. , the second-largest U.S. package-delivery company, said fiscal third-quarter net income fell to $393 million. More: continued here
Read More »FedEx sees profit fall, glum forecast (AP via Yahoo! News)
FedEx Corp. reported a 6 percent drop in third-quarter earnings Thursday, saying a slow economy and high fuel prices are expected to continue cutting into profits. More: continued here
Read More »FedEx results beat view, but outlook disappoints (Reuters via Yahoo! News)
Package delivery company FedEx Corp on Thursday reported a higher-than-expected third-quarter net profit but forecast fourth-quarter results below estimates, citing soaring fuel prices and slowing U.S. economic growth. More: continued here
Read More »FedEx Says Profit Declined, Sees `Limited Growth’ (Update5) (Bloomberg.com)
March 20 (Bloomberg) — FedEx Corp. said profit fell for the second straight quarter and would decline in the current period as soaring fuel costs and an economy teetering on the brink of recession reduced demand for U.S. package shipping. More: continued here
Read More »FedEx Says Profit Declined, Sees `Limited Growth’ (Correct) (Bloomberg.com)
(Corrects that third-quarter profit exceeded estimates in fourth paragraph.) March 20 (Bloomberg) — FedEx Corp. said profit fell for the second consecutive quarter and forecast a drop in the current period and “limited earnings growth next year.” More: continued here
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