FedEx Lowers Revenue Outlook On Weakened Global Trade
Credit: DC-10: Danielkang7744
FedEx Corp. has revised its revenue outlook sharply lower amid weakening global trade and sagging industrial production, causing its shares to plummet nearly 13% in trading Sept. 17. On Memphis-based FedEx’s first-quarter earnings call, company executives lowered their EPS outlook by 20%, citing a...
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