FedEx Earnings Fall; High Fuel Costs Blamed
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The package courier said its second-quarter profit fell 6 percent from a year ago, largely because of high fuel costs.
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Southwest Airlines on Wednesday reported a 17 percent decline in second-quarter profits as rising fuel costs weighed on results.
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FedEx Corp. FDX.N on Monday raised  its earnings forecasts, citing strong demand in several of its  businesses despite concerns about the slowing growth in the  U.S. economy.
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Discount retailer Fred&#39;s Inc. (FRED.O: Quote, Profile, Research) on Thursday said second-quarter profit fell, hit by increased markdowns, higher diesel fuel costs and other factors, sending its shares down almost 19 percent.
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Package delivery company FedEx Corp.  said on Wednesday its quarterly net profit rose despite slowing U.S. economic growth, with gains in its express, freight and ground delivery units.
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Caterpillar Inc. , a manufacturer of heavy construction and mining equipment, on Friday said quarterly earnings fell more than expected due to lower sales of diesel truck engines, weakness in North American construction markets, and higher production costs.
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US oil giant Exxon Mobil sees its quarterly profits fall 4.3% after it is hit by falling petrol and natural gas prices.
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MEMPHIS, Tenn.  -- FedEx Corp. posted a 7 percent increase in fourth-quarter profit Wednesday on higher revenue but said a sluggish U.S. economy dampened business.
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The package courier reported that its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs and a sluggish U.S. economy.
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FedEx Corp. said Thursday that second-quarter earnings more than tripled year-over-year, due to strong results in the company&#39;s express, ground and freight businesses.
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Asset manager Federated Investors (FII.N: Quote, Profile, Research) on Thursday reported lower quarterly profits as the firm&#39;s assets declined in difficult market conditions.
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FedEx Corp  on Thursday reported higher quarterly profit despite a slowing U.S. economy, but lowered its full-year earnings outlook, sending its shares down nearly 2 percent.
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Southwest Airlines Co. , the  leading U.S. discount carrier, posted a 16.5 percent drop in  second-quarter earnings on Wednesday on higher fuel costs and  sluggish demand.
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Spanish airline Iberia revealed Tuesday that higher fuel costs contributed to its net profit falling by 70 percent to 116 million euros (152 million dollars) in 2006.
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TORONTO (CP) - Earnings warnings from Celestica and Coca-Cola along with a slowdown in US industrial production sent stock markets lower Wednesday.
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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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Railroad and transportation conglomerate CSX Corp. reported Tuesday that fourth-quarter earnings dropped by about half, mostly because of charges from the planned sale of its foreign port operations.