FedEx Hikes Profit Forecast, Cites Demand
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FedEx Corp. FDX.N 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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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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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.
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United Parcel Service Inc. UPS.N  said on Thursday its quarterly profit rose but missed analysts'  expectations as rising oil prices offset strength in its  international and non-package businesses.
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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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American Express Co. AXP.N said on  Monday fourth-quarter profits rose because of increased  spending by consumers.
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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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A surge in Airbus plane deliveries helped European Aeronautic Defence &amp; Space Co. to more than triple its profit in the third quarter, the company said Thursday as it raised its earnings forecast.
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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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The retailer reports strong earnings and lifts its outlook.
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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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Transportation management company Hub Group Inc.  said on Monday its quarterly net profit rose, citing higher freight revenue in its truck brokerage and intermodal services.
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Package delivery company FedEx Corp.   said on Wednesday that quarterly net profit increased  27 percent on strong international and U.S. economic growth,  beating market expectations.
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Qualcomm Inc. on Friday raised its  quarterly profit forecast due to strong demand for its mobile  phone technology.
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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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United Parcel Service Inc.  on Tuesday posted a higher profit citing growth in its global business, supply chain and freight units, plus modest growth in its U.S package business despite a "sluggish" economy.
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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.