Fedex lowers profit outlook, cites higher fuel costs (update1)

By Mary Jane Credeur May 9 (Bloomberg) -- FedEx Corp., the second-largest US package-shipping company, said fourth-quarter earnings will be below its earlier forecast after surging fuel prices raised costs by at least $100 million more than estimated.FedEx warns of lower profit, shares dip late MarketWatchFedEx Cuts Guidance Again, Blaming Higher Fuel Prices Wall Street JournalReuters - Newsweek - Business Wire (press release) - MarketWatch