Fedex Corp reported third quarter earnings on Thursday and said it expects further staff reductions.

* Q3 earnings per share $0.31

* Sees Q4 earnings per share $0.45 to $0.70

* Q3 revenue fell 14 percent to $8.14 billion

* Says further reduction of personnel and work hours

* Says network capacity reductions at Fedex express and Fedex freight

* Says cost-reduction actions are expected to result in fourth quarter charges

of approximately $100 million

* Says streamlining of information technology systems and other internal

processes

* Says actions are targeted to reduce expenses by approximately $1.0 billion

* Says expects earnings to be $0.45 to $0.70 per diluted share in the fourth

quarter

* Says outlook assumes continued weak global macroeconomic conditions and

stable fuel prices

* Reuters Estimates Q3 earnings per share view $0.46, revenue view $8,681.14

million

* Reuters Estimates FY 2009 earnings per share view $3.97

* Reuters Estimates Q4 earnings per share view $0.72

Fedex