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FedEx Q2 Profit Hit By Superstorm Sandy, Backs 2013 Outlook

Package delivery giant FedEx Corp. reported Wednesday a profit for the second quarter that declined 12 percent from last year, hurt by lower operating margins. Striping down the impact of Superstorm Sandy, adjusted earnings per share and quarterly revenues topped analysts' expectations. FedEx also maintained its earnings outlook for the full-year 2013.

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