Fuel Cost Rise Causes FedEx To Cut Guidance
FedEx last week cut its earnings guidance for its quarter ending Nov. 30 due to higher fuel prices. The carrier dropped its earnings-per-share (EPS) estimate to $1.45-$1.55, compared to earlier guidance of $1.60-$1.75. Full-year EPS is now forecast to be $6.40-$6.70, down from $6.70-$7.10. FedEx...
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