Stocks to Watch: FedEx, AMD, Apple
NEW YORK -- FedEx
FedEx warned of a shortfall in its first-quarter results earlier this month, saying "weakness in the global economy constrained revenue growth at FedEx Express more than expected in the earlier guidance."
When the company gave its warning on Sept. 4, it forecast a profit of between $1.37 to $1.43 a share for the quarter, down from a prior projection for earnings of $1.45 to $1.60 a share.
The No. 2 chip maker behind Intel
The stock hit a new high of $701.79 after the bell following Apple's announcement earlier in the day that it sold more than 2 million units of the iPhone 5 during its first 24 hours of pre-orders.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
>To submit a news tip, send an email to: firstname.lastname@example.org.