Connect with us

Business

FedEx Says Preliminary First-Quarter Results Miss Expectations as Macro Trends Worsen

News Agencies

Published

on

FedEx said its first-quarter results are below the company’s expectations as global volumes decline and macroeconomic trends worsened.

The company disclosed preliminary first-quarter results on Thursday, in which it said FedEx Express results were curbed by macroeconomic weakness in Asia and service challenges in Europe. That led to a revenue shortfall of about $500 million compared with the company’s forecast.

Continue Reading
Advertisement
Advertisement

Breaking News

Advertisement

Today’s Top Picks

Support US

Support Independent Journalism with a donation (Paypal, BTC, USDT, ETH)

$1.00
Personal Info

Donation Total: $1.00

Advertisement