Signs o’ the Times: FedEx Posts First Quarterly Loss in 11 Years

<The second-largest U.S. package-shipping company had a fourth-quarter loss of $241 million on a writedown for its Kinko’s unit, and predicted a “very difficult” environment in the coming year.>

UPS and Deutsche Post’s stocks both took a hit on the news since no one is expecting a rosier 3rd Quarter.

For the rest of the Bloomberg article, click here.

Without the $891 million charge for changing the name of Kinko’s to FedEx Office, the company’s earnings per share stand at $1.45, missing by a couple of cents per share the expected earnings of $1.47 per share.

Click here for the earnings report.