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 slowdown in cargo shipments arising from the ongoing trade spat between the U.S. and China. “Our performance continues to be negatively impacted by a weakening global macro ...

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