Earnings Up 7% at FedEx; Weaker Economy Is Cited
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The company forecast earnings growth in fiscal year 2008 below the companyâs long-term target of 10 percent to 15 percent.
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Investor's Business Daily - Investors got a friendly package from FedEx Wednesday: big quarterly results and higher forecasts.
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Jewelry and luxury goods retailer Tiffany &amp;amp; Co. said Wednesday that first-quarter earnings grew 7.7 percent, as double-digit percentage growth in international sales outpaced a sluggish domestic sales performance. Its shares rose 2.6 percent in early trading.
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FedEx Corp. FDX.N  said quarterly  profit nearly quadrupled on in its international, ground and  freight businesses, but the stock slipped on disappointment  over the margins.
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The economy grew at a slightly stronger rate than previously thought in the third quarter because imports were not as hefty as first estimated, the Commerce Department said Wednesday, but corporate profits weakened.
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Package delivery company FedEx Corp  reported lower quarterly profit on Thursday, citing weak U.S. economic growth and high fuel costs, and gave an outlook for the current quarter below analyst estimates, sending its shares 1 percent lower.
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American Express Co. said on Monday its quarterly earnings rose 14 percent, matching analysts&#39; expectations, due to strength in the economy that spurred record card
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3M Co.  on Monday said third-quarter earnings rose 17 percent due in part to the weak dollar, but the diversified manufacturer's results came in below Wall Street's estimates for the first time in at least seven quarters.
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Package delivery company FedEx Corp.   FDX.N said on Thursday its quarterly profit jumped 40   percent, beating expectations, on strong growth in its ground   and freight segments.
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Package delivery company FedEx Corp.   FDX.N said on Thursday its quarterly profit jumped 40   percent, beating expectations, on strong growth in its   international, ground and freight segments.
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FedEx Corp. (FDX.N: Quote, Profile, Research) on Monday raised its earnings forecasts, citing strong demand in several of its businesses despite concerns about the slowing growth in the US economy.
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Package delivery company FedEx Corp  on Thursday reported a lower quarterly profit, citing weak U.S. economic growth and high fuel costs, but the results beat analyst estimates.
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NEW YORK - FedEx Corp. Monday raised its earnings forecast for the first quarter ending this month and for the full fiscal year, citing strong demand for its international express, ground and less-than-truckload services.
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Earnings are up, but sagging revenues are more annoying than static.
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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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NEW YORK - Strong earnings from financial services companies and upbeat economic data pushed stocks higher Tuesday, but many investors clung to the sidelines ahead of the Federal Reserve's decision on interest rates, expected later in the session.    Investors may be seeing some buying opportunities after Monday, when gloomy outlooks from the consumer staples group weighed heavily on the market; a strong reading on new housing construction provided additional incentive...
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3M Co. MMM.N on Monday said  third-quarter earnings rose 17 percent due in part to the weak  dollar, but the diversified manufacturer's results came in  below Wall Street's estimates for the first time in at least  seven quarters.