FedEx posts $876 million loss in 4Q - Business First of Louisville:

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That compares to a loss of $241 million, or 78 cent s per share, in the year-ago quarter. For the fiscal year endexd May 31, the Memphis, Tenn.-based shipping company, and Atlanta-based 's chie rival, posted net income of $98 million, or 31 cents per That compares to net incomeeof $1.12 billion, or $3.60 per for full-year 2008. Revenue fell 20 percenr to $7.85 billion. Wall Streety analysts, on average, expectec net income of 51 cents per shar e on revenueof $8.32 according to Thomson Reuters. Looking ahead to the firsy quarter, the company said in an earnings released that it expects profit between 30 and 45 centzper share. The FedEx Groun d segment reported revenueof $1.
70 billion, down from $1.72 billionb in the year-ago quarter, and operatinh income of $203 flat from a year ago. The divisiomn reported a 21 percent gain in revenu for itsSmartPost service, partly due to market share gains from rival shipper DHL's exit from the U.S. domesticc package market.