FedEx 777F. By Rob Finlayson FedEx reported a $459 million net profit for its fiscal first quarter ended Aug. 31, down 1% from $464 million in net income in the year-ago period. The disappointing performance led the express delivery operator to downgrade its full fiscal-year earnings forecast. FedEx previously projected full fiscal-year net income of $6.90-$7.40 per diluted share; it now foresees per share profits to be $6.20-$6.60. Its capital spending forecast for the year remains ...

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