FedEx warns weak traffic and customers shifting to slower service hurt results, raising more red flags on global economic weakness. More: continued here
Read More »FedEx cuts forecast as air freight weakness hits profit
FedEx Corp cut its full-year forecast after a worse-than-expected quarterly profit as customers shift from air express to slower but cheaper modes of international shipping. Shares of the No. 2 U.S. package-delivery … More: continued here
Read More »FedEx Cuts 2013 Forecast on Shift to Cheaper Shipments
FedEx Corp. (FDX) , operator of the world’s largest cargo airline, cut its 2013 earnings forecast as customers accelerated a shift to cheaper overseas shipments. More: continued here
Read More »FedEx profit falls on weak airfreight business
FedEx said Wednesday that its third-quarter profit fell 31 percent as customers shifted to slower and less-expensive international air-shipping options.The company says it will cut capacity to and from … More: continued here
Read More »FedEx raises red flag on global economy
FedEx report is a window on warns about weak traffic and customers shifting to slower service hurt results More: continued here
Read More »Why Fedex isn’t profiting from an uptick in global trade
FedEx reported sub-par earnings today, sending share prices down more than 5% in US trading. With just $1.13 in earnings per share—versus the $1.38 Wall Street was expecting—the company blamed its outdated … More: continued here
Read More »FedEx Cuts Forecast: Hot Trends
NEW YORK (TheStreet) — Popular searches on the Internet include FedEx after the company cut its full-year forecast as more customers opt for less expensive forms of shipping. FedEx now expects a profit of $6 to $6.20 a share for fiscal 2013 ending May 31, down from its prior forecast …
Read More »Can FedEx Keep Rolling?
Can FedEx Keep Rolling? More: continued here
Read More »Stocks to Watch: Stocks to Watch: FedEx , Oracle, Jabil
Bellwether FedEx and technology heavyweight Oracle are scheduled to report quarterly earnings on Wednesday. More: continued here
Read More »Stocks to Watch: Oracle, FedEx , General Mills
Oracle and FedEx highlight a busy day for earnings reports. More: continued here
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