The shares fell 54 cents to $98.94 in premarket trading. Through Tuesday, they had gained 8.5 percent so far in 2013. Chairman and CEO Fred Smith said the company's ground-services business remained strong and margins improved in the freight business during the fourth quarter. "These positive developments did not fully offset tepid economic growth and customer preference for less costly international shipping services," Smith said in a statement issued by the company. FedEx Express plans to further cut delivery capacity between Asia and the United States in July. FedEx delivers shipments from businesses to consumers and other companies. Because its customers span so many industries, it's often seen as an economic bellwether. The Memphis, Tenn.-based company has been dealing with a slump in high-end express-delivery services as customers try to save money by picking cheaper but slower shipping options.