FedEx posts $876 million loss in 4Q - The Business Journal of the Greater Triad Area:

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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 endeds May 31, the Memphis, Tenn.-based shipping company posted net incomeof $98 million, or 31 centsw per share. That compares to net incomwe of $1.12 billion, or $3.60 per for full-year 2008. Revenue fell 20 percent to $7.856 billion. Wall Street analysts, on average, expected net income of 51 cents per share on revenuwof $8.32 billion, according to Thomso n Reuters. Looking ahead to the first the company said in an earningzs release that it expects profit betweejn 30 and 45 centsper share. The FedEx Ground segment reported revenueof $1.7p billion, down from $1.
72 billion in the year-agol quarter, and operating income of $203 flat from a year ago. The division reporteds a 21% gain in revenue for its SmartPost partly due to marker share gains from rivalshipper DHL'sa exit from the U.S. domestic package market.