Fuel injector connectors

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FORT WORTH, Texas

Investors sent shares up $4.55, or 5.4 percent, to $89.30 during aftermarket electronic trading, after closing at $84.75.
The company now expects net income for the quarter ended Aug. 31 will total $1.23, ahead of previous guidance of 80 cents to $1 per share.
Analysts polled by Thomson Reuters, on average, expect a profit of 95 cents per share.
The increase is due to lower-than-expected fuel costs late in the quarter as well as stringent cost-cutting, the company said.
However, FedEx did not raise fiscal 2009 guidance and instead affirmed its outlook of $4.75 to $5.25 per share, while analysts expect earnings of $4.98 per share.
Weaker macroeconomic conditions offset better-than-expected first-quarter results, the Memphis, Tenn.-based company said.
While sustained declines in fuel prices could improve our full-year outlook, the slowing economic growth trends in the U.S. are now extending to other areas of the global economy, said Alan B. Graf Jr., executive vice president and chief financial officer, in a statement

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