FedEx seen cutting outlook with economy stalled

Thu, Sep 22, 2011

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By Lynn Adler

(Reuters) - FedEx Corp <FDX.N> is seen reporting higher quarterly results than a year ago on Thursday, but analysts are more keen to see if the No. 2 package delivery company cuts its full-year guidance because stalled global economic growth has stifled volume.

The shares of the Memphis, Tennessee-based company have fallen 22 percent this year, reflecting a U.S. economy that is treading water at best, as well as slower international flows than many analysts expected.

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