FedEx says it swung to a loss in the fourth-quarter because of high fuel costs and issued an earnings guidance that is well below Wall Street's expectations.
FedEx sees 2009 earnings of $4.75 to $5.25 per share. Wall Street had predicted $5.92 per share. The package delivery company expects to earn 80 cents to $1 per share in the first-quarter. Analysts forecast $1.27 per share.
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