Article: FedEx reports quarterly loss of 241 million dollars

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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