Today FedEx offered an uninspiring outlook for the quarter ending in February.
After reporting fiscal second-quarter results fell 30 percent compared to one year ago, FedEx said “there is some uncertainty regarding the sustainability of current demand trends after our peak shipping season.” The shipping company anticipates earnings of 50 to 70 cents per share in the third quarter, slashing analysts’ expectations of 84 cents per share.
FedEx shares fell $4.75, or 5.3 percent, to $85.21 in morning trading.
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