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FedEx Pulls Back Its Guidance

MEMPHIS, Tenn. (TheStreet) — FedEx has cut back its current quarter guidance due to severe weather and rising fuel prices. The company cut guidance by 25 cents. “We experienced significant network disruptions in the U.S. and Europe and unusually high costs from severe winter storms,” said CFO Alan Graf, in …

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FedEx Corp. Lowers Earnings Guidance

FedEx Corporation today announced third quarter earnings have been negatively impacted by an estimated $0.25 per diluted share due to loss of revenue and increased expenses resulting from severe winter storms and higher-than-expected fuel prices. More: continued here

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