FEDEX
For its fiscal fourth quarter, FedEx sees earnings per share of $1.60 to $1.80, which is tantamount to a warning given that the current consensus estimate is $1.95. FedEx said its guidance assumes no additional increases to current fuel prices and no further weakening in the economy.
"Looking ahead to our fiscal 2009, we are expecting a continuation of fourth quarter trends, which would result in limited earnings growth next year. We are scrutinizing all expenses and investments to realign them with the current environment."
"Looking ahead to our fiscal 2009, we are expecting a continuation of fourth quarter trends, which would result in limited earnings growth next year. We are scrutinizing all expenses and investments to realign them with the current environment."
A BUST in commodities isn't necessarily a GOOD THING
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