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David Gura

UNCOVERED: Fedex delivers unexpected bad news to wall street | History Defined

FedEx Raj Subramaniam Jim Cramer Spencer Platt Economy

FedEx's stock price sank after it warned investors its performance suffered last quarter. (Joe Raedle/Getty Images)

In a challenging economy, FedEx isn't delivering, and that has Wall Street worried.

Last quarter it processed fewer packages because of "weakening economic conditions," and operating income at FedEx Express fell by 69%, according to FedEx's latest earnings report, released on Thursday.

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