What FedEx Earnings Tell Us About the Real Economy
Transportation giant FedEx (NYSE: FDX) reported its Q1 fiscal year 2022 earnings on Tuesday -- representing the three-month period ended Aug. 31, 2021. Despite decent numbers all around, the stock fell by over 8% on Wednesday. Investors clearly didn't like the quarter's lower-than-expected earnings per share, the company's adjusted full-year guidance, or what looks to be continued profit margin compression.
Aside from financial performance, FedEx's earnings call was chock-full of insight that pertains not just to industrial stocks but to other sectors as well. FedEx is seen as a bellwether for the broader economy because its performance reflects consumer spending, international trade, e-commerce, global supply chains, and more. Let's dig into the company's presentation to discover nuggets that could tell us how the real economy is performing, and, in turn, how that affects all investors.
Image source: Getty Images.
Source Fool.com
