Home / FedEx / FedEx profit hit by economy, fuel (Reuters via Yahoo! News)

FedEx profit hit by economy, fuel (Reuters via Yahoo! News)

FedEx Corp on Thursday reported a higher-than-expected third-quarter net profit, but gave a low outlook for the current quarter citing soaring fuel prices and slowing U.S. economic growth, sending the package delivery company’s shares down more than 2 percent.

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