Trending: FedEx 1Q Results to Be Below Previous Expectations
16 Setembro 2022 - 11:33AM
Dow Jones News
10:02 ET -- FedEx Corp. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. FedEx said Thursday that its
first-quarter results would be below the company's expectations as
global volumes decline and macroeconomic trends worsened. The
company said FedEx Express results were curbed by macroeconomic
weakness in Asia and service challenges in Europe. That led to a
revenue shortfall of about $500 million compared with the company's
forecast. FedEx Ground revenue was about $300 million below company
forecasts. The stock was down 23%, to $158.02, at 10 a.m. ET. Dow
Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
September 16, 2022 10:18 ET (14:18 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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