Fedex (FDX) turned in some pretty solid numbers and blamed softness in the US economy for the fact that they were not better.
Guidance for the upcoming fiscal was soft and below the company’s long term goal of 10% to 15% earnings targets.
The company’s freight shipment business, although fairly small grew at a 28% rate.
Shares were up modestly at just above $108.
Douglas A. McIntyre
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