Stock Market Alert - FDX may be one of the very few positive stories on an otherwise tumultuous day on Wall Street. The stock was basically unchanged during the regular session, but is up almost 5% in afterhours trading after the company said that it will exceed its Q1 guidance. The company said that it is now expecting Q1 net income of $1.23 per share, higher than the previously anticipated 80 cents to $1 per share. Analysts, on average, were expecting a profit of 95 cents per share. The company pointed to lower than expected fuel costs and cost-cutting as the reasons why net income will come in higher than expected. The company is not, however, raising its 2009 guidance. FDX is currently trading in the afterhours session at $88.76, up over $4 from its Tuesday close.
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