FedEx Touches 2-year Low
The shares FedEx Corporation (NYSE:FDX) dropped to the lowest level since 2008 following the reduced profit outlook for fiscal 2012 (ending May 2012). The stock plunged 11% during whole day trading and closed at $66.58, down 8.17%. Concurrent with its first quarter fiscal 2012 earnings release, the world’s second-largest package delivery company slashed its fiscal [...]
The shares FedEx Corporation (NYSE:FDX) dropped to the lowest level since 2008 following the reduced profit outlook for fiscal 2012 (ending May 2012). The stock plunged 11% during whole day trading and closed at $66.58, down 8.17%.
Concurrent with its first quarter fiscal 2012 earnings release, the world’s second-largest package delivery company slashed its fiscal 2012 earnings projection from $6.35–$6.85 to $6.25–$6.75 per share on reduced demand in the U.S. and Asia, uncertain economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards