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FedEx Cuts Forecast: Hot Trends

NEW YORK (TheStreet) — Popular searches on the Internet include FedEx after the company cut its full-year forecast as more customers opt for less expensive forms of shipping. FedEx now expects a profit of $6 to $6.20 a share for fiscal 2013 ending May 31, down from its prior forecast of $6.20 to $6.60 a share. Analysts expect earnings of $6.31 a share. The company also reported third-quarter …

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