US EditionThese Analysts Slash Their Forecasts On FedEx After Q3 Earnings - FedEx (NYSE:FDX)
- FedEx lowered its full-year profit and revenue forecasts to $18 to $18.60 per share, citing continued weakness and uncertainty in the U.S. Industrial economy.
- Shares of FedEx fell 8% in premarket trading following the announcement, with a noted loss of 5.3% to $232.29.
- CFO John Dietrich stated that the revised earnings outlook reflects uncertainty in demand for FedEx's business-to-business services, impacting their revenue expectations.
- CEO Raj Subramaniam noted that the company is navigating a very challenging operating environment with severe weather events and market conditions.
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Total News Sources27
Leaning Left5Leaning Right5Center10Last UpdatedBias Distribution50% Center
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R 25%
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