Why FedEx Stock Is Plunging Today
Shipping giant (NYSE: FDX) delivered quarterly results that missed expectations, and the company sees a challenging environment up ahead. Investors were disappointed, sending shares of FedEx down 11% as of noon ET Wednesday.
FedEx is viewed as a good barometer for the health of the overall economy because so many companies rely on it for shipping. In its fiscal second quarter, ending Nov. 30, FedEx reported year-over-year growth in operating income and margin expansion, but the results still fell short of expectations.
FedEx earned $3.99 per share in the quarter on revenue of $22.2 billion, shy of the estimate of $4.20 per share on sales of $22.41 billion.
Source Fool.com
Fedex Corp. Aktie
264,25 €
-0,28 %
Einseitige Meinung: Fedex Corp. erhält nur Buy-Einschätzungen und keine Sell-Einschätzungen.
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