Forbes Article by BetterTrades

10-22-09

FedEx Is A Fragile Package

Global shipper and logistics outfit FedEx is flying high now, but expect the stock to lose some altitude in coming weeks. FedEx ( FDX - news - people ) posted strong first-quarter profits of $0.58 per share, thanks to cost controls and better-than-expected International Priority shipping. Nonetheless, compared to last year, profit was down 53% to $181 million, and revenues sank 20% to $8.01 billion.

Forbes Article by BetterTrades