FedEx misses Q1 profit estimates, stock slides

FedEx (FDX) reported a 40% jump in earnings for the first quarter helped by higher volumes, increased yields and a favorable net impact of fuel at all transportation segments. The top line exceeded market consensus. The company also lifted its earnings guidance for the fiscal year 2019. The shipping giant’s stock inched lower by 2.59% … Continue reading FedEx misses Q1 profit estimates, stock slides