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Fedex profit seen getting hit by TNT cyberattack

Wednesday, July 19, 2017 - 05:50

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The fallout could reduce FedEx's earnings by 50 US cents to US$1 a share for the year through next May, says Citigroup.

Dallas

FEDEX Corp's TNT unit is still slogging through some transactions by hand and information systems may never fully recover from a June cyberattack that is expected to deal a blow to earnings.

The shares fell the most in two months after the courier said that customers

sentifi.com

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