FedEx lowers revenue outlook on weakened global trade

Credit: Rob Finlayson
FedEx Corp. revised its revenue outlook sharply lower amid weakening global trade and sagging industrial production, causing shares to fall nearly 13% in trading Sept. 17.On Memphis-based FedEx’s fiscal 2020 first-quarter earnings call, company executives lowered their earnings per share (EPS)...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.