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FedEx Corp Issues Q1 2013 EPS Guidance Below Analysts' Estimates; Issues FY 2013 EPS Guidance In Line With Analysts' Estimates
FedEx Corp announced that it projects earnings to be $1.45 to $1.60 per diluted share in the first quarter of 2013 and $6.90 to $7.40 per diluted share for fiscal 2013. This earnings guidance does not include the impacts of the significant cost reduction programs currently under review that should be announced in the fall. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.70 for the first quarter of 2013 and EPS of $7.39 for fiscal 2013.
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