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Outlook roundup: FedEx, Cornell



09 May 2008 @ 06:34 pm EST

Among the earnings projection stories for Friday, May 9, from AP Financial News:

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MEMPHIS, Tenn. (AP) -FedEx is cutting its fourth-quarter guidance, blaming a steep increase in fuel costs.

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HOUSTON (AP) -Cornell Cos., a provider of corrections and treatment services to federal and state agencies, predicted Friday that its second-quarter earnings will rise up to 29 percent.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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