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FedEx Reaffirms Earnings Guidance for Third Quarter

Press release from the issuing company

MEMPHIS, Tenn.--Jan. 11, 2005-- FedEx Corporation today reaffirmed its previous guidance of $0.90 to $1.00 per diluted share for the third quarter ending February 28, 2005. "FedEx experienced a strong holiday season," said Alan B. Graf, Jr., executive vice president and chief financial officer. "We continue to see favorable U.S. and global economic conditions and demand for all of our transportation services is strong."