$FDX : Breaking News : One of the world's biggest bellweather has cut its forecast. Announced today earnings
for 1st quarter ( August 31, 2012), are expected to be in the range of $1.37 to $1.43 per diluted share, compared to $1.46 per diluted share last year. $FDX original first quarter forecast was for earnings
of $1.45 to $1.60 per diluted share. Earnings
during the quarter were lower than originally forecast, as weakness in the global economy constrained revenue growth at FedEx
Express more than expected in the earlier guidance. ( paraphrased from article : http://www.businessinsider.com/fedex-cut...