FedEx cuts full-year profit forecast again

FedEx cuts full-year profit forecast again

FedEx on Tuesday cut its 2019 profit forecast for the second time in three months. The package delivery industry is generally seen as a bellwether for the global economy. FedEx now expects to earn $15.10 to $15.90 per diluted share for the 2019 fiscal year ended May 31. Analysts had predicted full-year fiscal 2019 earnings per share of $15.97 per diluted share.

KCooper
KCooper
quietrioter
quietrioter 1 year

as someone who worked in their warehouse for 4 years, I'm genuinely not shocked

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