FedEx Blames High Fuel Costs For Q2 Losses

Reuters   |   December 20, 2007 08:08 AM

Read More: Fedex, FedEx Corp, Fuel Costs, Package Delivery, Quarterly Earnings, Quarterly Profits, Wall Street, Breaking Business News
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Package delivery company FedEx Corp. said Thursday its fiscal second-quarter earnings fell 6 percent, as the impact of high fuel costs and a weakening U.S. economy overshadowed international growth.

The company also released a third-quarter outlook under Wall Street's expectations and reaffirmed its outlook for the fiscal year.

For the quarter ended Nov. 30, the company earned $479 million, or $1.54 per share, compared with a year-ago profit of $511 million, or $1.64 per share.

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- anastasiabeaverhousen See Profile I'm a Fan of anastasiabeaverhousen permalink

Why didn't they do what every small business has been doing for over a year now? Add a fuel surcharge to the cost of each shipment.

Let me guess: the CEO still gets his multimillion dollar bonus.

    Favorite    Flag as abusive Posted 08:46 AM on 12/20/2007
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