FedEx profit warning


27 June 2005 – Memphis (TN): FedEx has warned that its Q1 earnings will be affected by high fuel prices and intense competition.

All of FedEx’s units reported steady growth in Q4. The company reported net profits of $448 million or EPS of $1.46 compared with $412 million or EPS of $1.36 a year earlier. The results however, missed analysts’ expectations of EPS of $1.48.