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FedEx Falls After Profit Forecast Narrowed on Currency, Bonuses

FedEx had reiterated a forecast of $8.50 to $9 a share on Jan. 23. She rates FedEx shares the equivalent of a buy. FedEx predicted global economic expansion of 2.8 percent for 2015, less than the company’s Dec. 17 outlook for a 3 percent gain. The shares fell 2.5 percent to $171.36 at 10:28 a.m. in New York, after dropping as much as 2.8 percent in the largest intraday decline since Jan. 23.

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