Wed, 20 Dec 2023 14:10:54 GMT
FedEx misses expectations
The global shipping company has reported lower than expected quarterly profits. In addition, FedEx reduced its annual income expectations. As a result of the news, the company's stock price started Wednesday's trading with a gap down of 12.08%.
In general, FedEx earnings increased by 23% to $1.01 billion or $3.99 per share. However, markets expected the earnings per share to be