FedEx Misses Earnings Estimates, Downgrades Full Year Outlook
FedEx reported fiscal first quarter earnings this morning that came below Wall Street estimates. FedEx reported earnings per share of $2.42 on revenue of $12.3 billion. Analysts were looking for first quarter earnings to come in at $2.45-$2.46 earnings per share on revenue of $12.3 billion. The quarter also led to management revising full fiscal year earnings downward. Prior . . .
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