Home / FedEx / FedEx 2nd-qtr profit misses estimate; offers holiday optimism

FedEx 2nd-qtr profit misses estimate; offers holiday optimism

FedEx Corp posted a 14 percent rise in quarterly profit on Wednesday on stronger margins and cost cuts, but results missed Wall Street estimates, which overshadowed the company's confident forecast for the holiday shopping season. Wall Street analysts expressed disappointment at the slight dip in revenue at the express delivery business, FedEx's biggest unit. Average daily volume at FedEx Ground …

More: continued here

About admin

Check Also

Amazon.com will stop shipping to Australia from July 1 | afr.com – The Australian Financial Review

The Australian Financial Review Amazon.com will stop shipping to Australia from July 1 | afr.comThe …

Leave a Reply

Your email address will not be published. Required fields are marked *