FedEx sees Q1 results shy of analyst estimates

NEW YORK (MarketWatch) — FedEx Corp. [s; fdx] said on Tuesday that it expects its fiscal first-quarter profit to be $1.45 to $1.60 a share. Currently, the Wall Street analyst consensus estimate for the firm, according to FactSet Research, is $1.71 a share. FedEx said its internal estimate excludes, "the impacts of the significant cost reduction programs currently under review that should be …

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