FedEx says profits below target, blames economy

FedEx FDX -3.14% said late Tuesday profit for the quarter ended Aug. 29 will be below the company's original target. The announcement sent FedEx shares down 4% to $84 in after-hours trade."...[W]eakness in the global economy constrained revenue growth ..."

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Of course they're going to blame the economy. The economy can't talk back and defend itself. How about the fact that people don't need to FedEx as many documents as they did a year ago because of new technologies? How about FedEx admitting that they didn't quite plan for that? Nah. Blame the economy. Wall Street will believe it and the market will go down even more because mighty FedEx is down. The spiral continues.

Hey. FedEx. Guess what. It doesn't have to be there overnight, because everybody just emailed it.