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FedEx Earnings Down 53%

17 September 2009 No Comment

FedEx came out with earnings this morning and they were down 53% from a year ago.  Revenues were also down 20%.  They said that they expect profits to remain weak through at least the end of the year.

FedEx is an important company and considered a good indicator of overall economic health.

Shares of the company were trading lower going into the market open.

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