"Our outlook ... assumes that the U.S. does not go off the fiscal cliff and into a recession," said Alan Graf, chief financial officer of the No. 2 U.S. package-delivery company.
(Reporting By Scott Malone; Editing by Gerald E. McCormick)
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5-day change | 1st Jan Change | ||
266.1 USD | -2.09% | +0.43% | +5.18% |
Apr. 23 | UPS sees profit in U.S. Postal Service work that dragged down FedEx earnings | RE |
Apr. 23 | UPS profit falls on high labor costs, weak small-package demand | RE |
(Reuters) - FedEx Corp's fiscal 2013 profit forecast presumes that the White House and lawmakers in Washington reach a deal to avoid the year-end "fiscal cliff" of higher taxes and sharp cuts to government spending.
"Our outlook ... assumes that the U.S. does not go off the fiscal cliff and into a recession," said Alan Graf, chief financial officer of the No. 2 U.S. package-delivery company.
(Reporting By Scott Malone; Editing by Gerald E. McCormick)
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-11.27% | 16.04B | |
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+29.97% | 5.53B | |
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+0.87% | 4.15B |