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FedEx Miss Is Worst Deutsche Bank Analysts Have Seen in 20 Years

  • Package-delivery giant posted a 23% retreat on Friday
  • European companies AB Foods and Electrolux have already warned
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FedEx Tumbles After Pulling Forecast on Big Profit Miss
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Wall Street analysts didn’t mince words in discussing FedEx Corp.’s forecast for the current quarter -- which missed by a landslide -- and its withdrawal of full-year guidance. It’s really bad.

To researchers at Deutsche Bank AG it’s the worst report they’ve seen in two decades.