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Article: FedEx reports quarterly loss of 241 million dollars
- Article from:
- Xinhua News Agency
- Article date:
- June 18, 2008
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Copyright informationCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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FedEx reports quarterly loss of 241 million dollars
NEW YORK, June 18 (Xinhua) -- FedEx Corp. reported a fourth-
quarter loss Wednesday and offered a gloomy outlook due to soaring
fuel costs and weak economy.
FedEx posted a loss for the just-ended fourth period of 78 cents
a share, or 241 million U.S. dollars, compared with a profit of 610
million dollars, or 1.96 dollars per share, for the same quarter
last year.
The company predicted 2009 earnings of 4.75 ...
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