FedEx Raising Prices; Q1 Guidance Lags As Stock Lifts
By:
Investors.com
Posted on June 19, 2012 at 12:45 PM EDT
The world's second largest delivery service delivered disappointing results Tuesday morning for its fiscal fourth quarter, missing revenue targets and projecting first quarter profit well below analyst forecasts. The results are seen as confirmation the global economic situation continues to deteriorate. But shares of FedEx (FDX) stock rose early, up 3.4% to 91.52, as the bellwether for the U.S. and global economy said it will raise prices and
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