Economics
FedEx Maintains Full-Year Forecast Amid Economic Concerns
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FedEx Corp., operator of the world’s largest cargo airline, maintained its full-year profit forecast amid increasing concern that U.S. economic growth may slow.
The shares rose, as broader market indexes declined, after Memphis, Tennessee-based FedEx re-affirmed its fiscal 2013 earnings outlook of $6.20 to $6.60 a share, excluding costs associated with a voluntary buyout program.