Originally Posted by pdo bump

this was also in the story...

Excluding one-time charges, FedEx earned $1.45 per share.

and

Fourth-quarter earnings included a one-time charge of $891 million for the expected costs of renaming the company's office service and copying division from FedEx Kinko's to FedEx Office.

so, the questionable Kinko's to Office switch was the reason for the loss. (would have been a profit of $650 million)

let's not panic yet--if the company was so worried, why would they make the name change and raise the dividends?

almost sounds like reteroic for the next contract already.