“This is the most dispiriting call about the economy that I’ve heard in a very long time.” After shares of FedEx plunged, here’s what MadMoneyOnCNBC's JimCramer had to say about the delivery giant’s quarterly earnings miss.
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Cramer: FedEx holds 'most dispiriting call about the economy I've heard in a very long time'FedEx CEO Fred Smith is 'basically implying that we're going to import' a global slowdown,' says CNBC's Jim Cramer.
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FedEx Shares Plummet Following Dismal ResultsFedEx shares plunged the most in a decade after the company’s global Express business showed its vulnerability to global trade disruptions.
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FedEx tumbles 9% after slashing profit forecast, citing trade war and recession fearsFedEx now expects its full-year earnings per share to fall between $11 and $13, while analysts expected $14.73.
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FedEx profits slip after booting major customer AmazonCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
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FedEx slashes its profit projection as the trade war hammers global growthFedEx Corp. sharply slashed its profit outlook in the latest sign that trade tensions are dragging down U.S. corporate titans.
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Stocks making the biggest moves premarket: General Mills, FedEx, Adobe, Chewy, Amazon & moreThese are the stocks posting the largest moves before the bell.
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