FedEx Corp (FDX) - FDX Falls on Revised Guidance
Posted on May 12, 2008 at 06:12 AM EDT
Fedex Corp (FDX) opened at $87.90. So far today the stock has hit a low of $87.59 and a high of $89.41. FDX is now trading at $89.19, down 1.18 (-1.31%). After hitting a one-year high of $119.10 in July, the stock hit a one-year low of $80.00 in January. FDX shares are declining this morning after the company lowered its expected earnings for the current quarter to between $1.45 and $1.50 per share, from a prior forecast between $1.60 and $1.80 per share. FDX cited higher fuel prices and a weakened economy for the new forecast. Technical indicators for FDX are bullish but...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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