FedEx lowers full-year outlook
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FedEx Corp  reported on Thursday a higher quarterly profit despite a slowing U.S. economy, but lowered its full-year earnings outlook, sending its shares down more than 2 percent.
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YESTERDAY Close $109.80 Change +$1.74 52-WEEK High $121.42 Low $97.79 FedEx Corp. posted a 7 percent increase in fourth-quarter profit yesterday on higher revenue but said a sluggish US economy dampened business.
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FedEx Corp., the world&#39;s top air-express shipper, said Thursday quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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United Parcel Service Inc.  on Tuesday provided a full-year outlook for 2007 below analysts' forecasts, citing a slowing U.S. economy, and its shares fell 3 percent.
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Tool maker Snap-on Inc. on Tuesday  lowered its full-year earnings outlook for the second time in  less than two months due to high steel prices and weak business  in Europe, and its shares fell more than 12 percent.
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Package delivery company FedEx Corp   on Thursday said quarterly profit rose despite a  slowing U.S. economy, but lowered its full-year earnings  outlook, sending its shares down more than 2 percent.
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FedEx Corp. FDX.N  said quarterly  profit nearly quadrupled on in its international, ground and  freight businesses, but the stock slipped on disappointment  over the margins.
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A plan by US banks to calm down rattled credit markets is dropped shortly before it was due to launch.
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NEW YORK (CBS.MW) -- Shares of American Greetings Corp. plummeted nearly 8 percent Thursday after the company issued a full-year earnings forecast that surprised Wall Street.
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Competition makes for a dreary outlook for the company.
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Package delivery company FedEx Corp  on Thursday reported a lower quarterly profit, citing weak U.S. economic growth and high fuel costs, but the results beat analyst estimates.
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Investors may frown as a sluggish holiday season has retailers slashing prices.
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A leading forecaster of advertising spending has again lowered his estimate for growth in the U.S. this year.
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Diebold Inc. (DBD.N: Quote, Profile, Research) , the leading maker of automated teller machines, on Monday reduced its third-quarter and full-year earnings forecasts as it absorbs
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Package delivery company FedEx Corp   on Thursday reported a lower quarterly profit, citing  weak U.S. economic growth and high fuel costs, but the results  beat analyst estimates.
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US consumer sentiment is at its lowest level in two years on growing concerns about weak business conditions.
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MEMPHIS, Tenn. - FedEx Corp. raised its earnings outlook Monday, citing more business for its international, ground delivery and less-than truckload services.