FedEx Raises Forecast, Stock Climbs
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FedEx Corp. (FDX.N: Quote, Profile, Research) on Monday raised its earnings forecast for the fiscal first quarter and full year, citing strong demand for its international express, ground and less-than-truckload services.
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FedEx Corp. FDX.N on Monday raised  its earnings forecast for the fiscal first quarter and full  year due to strong demand in several of its businesses despite  concerns about the slowing growth in the U.S. economy.
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U.S. stocks edged higher on Thursday  after a revision in factory orders in June suggested orders are  improving and some apparel makers raised profit forecasts or  reported better-than-expected sales in August.
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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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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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NEW YORK (CBS.MW) -- Shares of FedEx Corp. pulled back early Thursday after the Memphis, Tenn., package delivery company reported second-quarter results that showed a strong year-over-year increase in profits and lifted its outlook for fiscal 2005.
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FedEx (FDX ) raised raised its 2005 profit forecast for a second time. The package-delivery giant sees $4.40 to $4.60 earnings per share, vs.
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FedEx Corp. raised first-quarter and fiscal 2005 earnings guidance on Monday, citing strong demand across international express, ground and less-than-truckload services.
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Stock index futures rose on Thursday, pointing to a higher market open, after data suggested a stronger-than-expected jobs market and an upgrade of General Motors Corp.  sent the auto maker's shares higher.
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Wall Street stocks are poised to push higher at the start of Wednesday trade, buoyed by a batch of merger activity, as investors shake off cautionary comments from the U.S. Federal Reserve.
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MEMPHIS, Tenn. - The FedEx Corp., the delivery giant, reported Thursday its second quarter earnings soared due to a strengthening economy and continued growth in overseas and ground shipping.
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U.S. stocks rose on Thursday as data  showing inflation slowed last month boosted investors' hopes  that the Federal Reserve will keep to its course of measured  interest rate hikes.
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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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U.S. stocks rose on Monday as a flurry of corporate deal news fueled optimism about the economic outlook, but caution a day before the Federal Reserve's final meeting of the year limited a broader market advance.
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FedEx Corp. said Tuesday that its first-quarter earnings more than doubled, helped by a strengthening worldwide economy and expansion of its international express and ground shipping businesses.
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U.S. stock futures rose on Thursday,   indicating stocks may open higher and extend Wednesday's gains,   as the Federal Reserve's pause in raising
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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.