U.S. stock market futures slipped Wednesday after FedEx Corp. cut its profit outlook for the quarter ended last week, but regained some ground after the Labor Department said U.S. companies got more productivity from their workers this spring than originally estimated. More: continued here
Read More »FedEx Warning Crystallizes Global Slowdown
FedEx's profit warning is a bad sign for the company, but a worse sign for the global economy. More: continued here
Read More »FedEx Slip Is A Bearish Stock Barometer
FedEx, often a very accurate gauge of the health of the economy, also pre-announced after the close, confirming the slowdown thesis. The stock is down nearly 3% this morning. More: continued here
Read More »Stocks to Watch: FedEx, Facebook
FedEx expects fiscal first-quarter earnings well below its original forecast. More: continued here
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Read More »FedEx Projects First Earnings Drop Since 2009 as Economy Slows
FedEx Corp. (FDX) , operator of the world’s largest cargo airline, projected its first decline in quarterly earnings in almost three years as slowing economic growth hurt demand for the express packages that provide most of its sales. More: continued here
Read More »FedEx Cuts Profit Forecast as Weak Economy Damps Express Sales
FedEx Corp. (FDX) said earnings for the quarter that ended Aug. 31 will be short of its forecast after a weak global economy damped revenue from express shipments. More: continued here
Read More »FedEx lowers earnings outlook, citing global economic weakness
The lowered expectations come at a time when FedEx Corp. is planning a major restructuring to improve profitability of its flagship division, FedEx Express. More: continued here
Read More »FedEx slashes forecast, citing weak global economy
(Sept 5): FedEx Corp, the world's second-largest package delivery company, cut its profit outlook for the current quarter, saying weakness… More: continued here
Read More »FedEx cuts outlook, citing weak economy
FedEx cut its earnings forecast late Tuesday, citing "weakness in the global economy." More: continued here
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