FedEx dramatically increased its earnings estimate for its fiscal first quarter ending Aug. 31, yesterday projecting earnings per share to be in the range of $1.05 to $1.15, up 19%-23.5% from its previous earnings guidance made just last month. If the projection comes to fruition, the express giant's quarterly per share profit will jump 81%-116% year-over-year. For the full fiscal year ending May 31, 2011, it projects earnings per share of $4.60-$5.20, up 4%-4.5% from its previous ...

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