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

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

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


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.



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