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FedEx quarterly profit disappoints as demand for speedy delivery wanes

(Reuters) -FedEx lowered its full-year revenue forecast and missed Wall Street estimates for first-quarter profit on Thursday as customers continued to trade down from speedy, pricey delivery to cheaper, slower options. Shares in the Memphis-based delivery giant were down nearly 10% to $271 in after-hours trading. Profits at FedEx and …

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