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  • Author unknown

    FedEx Can’t Stand $126 Oil (FDX, UPS)

    http://www.eatingstock.com/?p=2691
    7 days ago in EatingStock.com · Authority: 4

    FedEx Corporation (NYSE: FDX) came out after the close. Apparently $126 oil is a killer, like no one knew that. When it gave its last earnings warning it was based on fuel not rising too much more. Guess what. The company took its prior forecast of $1.60 to $1.80 EPS down to a new $1.45 to $1.50 EPS range. Shares closed down 3% in regular trading, and they are down another 3% at $87.26 in after-hours. Big Brown, or United Parcel Service Inc. (NYSE: UPS) fell almost 2% in after-hours to $69.03 on the FedEx news. Now you know why… Read the rest at 24/7 Wall St.