Tuesday, October 20, 2015

What Went Wrong With FedEx Corporation Earnings?

When the global economy sneezes, it's highly likely that package delivery companies like FedEx  and United Parcel Service will catch a cold. As a consequence, it's hardly surprising that FedEx's first-quarter results disappointed the market. Essentially, the company missed analyst earnings estimates and downgraded its EPS guidance for fiscal 2016 -- and don't forget that this is only the first quarter. Time to take a closer look at the earnings report


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