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Non-Tech : FedEx (FDX)

FDX 256.09

-2.3%

3:09 PM EST

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To: Dominique Cleeren who wrote (283)	12/17/1998 9:46:00 AM
From: Darryl Olson	of 524

Earnings Report: Thursday December 17 9:09 AM ET FDX Profits Jump On Strong Overnight Express Sales MEMPHIS, Tenn. (Reuters) - FDX Corp. (NYSE:FDX - news), the parent company of Federal Express, the world's largest air express package carrier, Thursday said quarterly profits jumped 22 percent to $183 million on strong sales in its overnight express service. The holding company said it reported a profit of $1.23 a share for the quarter ended Nov. 30, which easily beat analysts' earnings estimates averaging $1.06 a share, according to First Call, a company that tracks such forecasts. In its year earlier second quarter, FDX earned $1.00 a share, or $150 million.

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