FedEx cuts profit forecast citing fuel prices
US package delivery company FedEx Corp slashed its quarterly earnings forecast, blaming surging fuel prices.
By TNN |
BOSTON: US package delivery company FedEx Corp on Friday slashed its quarterly earnings forecast, blaming surging fuel prices.
The company said it now expects to report a profit of $1.45 to $1.50 per share for its fourth fiscal quarter ending May 31, lower than its prior forecast of $1.60 to $1.80 per share.
The company said it now expects to report a profit of $1.45 to $1.50 per share for its fourth fiscal quarter ending May 31, lower than its prior forecast of $1.60 to $1.80 per share.
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