The Wall Street Journal
FedEx reported its fiscal fourth-quarter loss widened to $876 million, or $2.82 a share, from $241 million, or 78 cents a share, a year earlier, reflecting write-downs for its Kinko's business and a 30% drop in revenue.
The shipping giant issued an earnings outlook for the current quarter well below Wall Street expectations, citing in part rising fuel prices, and said the manufacturing slump will make for an "extremely difficult" operating environment through November.
http://online.wsj.com/article/SB124523650041122929.html#mod=djemalertNEWS
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment