FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three ...
- FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down more than 5 percent and fueling fresh worries it is losing ground to delivery rivals such as United Parcel Service Inc and Deutsche Post DHL Group.
Executives also blamed the results on the cost of launching year-round, six-days-per-week operations at FedEx Ground in the United States and continued weakness in its international Express business, which includes former Dutch delivery company TNT Express. Adding to those challenges, a 2017 cyberattack on TNT’s European technology systems cost FedEx some $300 million to fix and sent a number of high-value, time-sensitive customers into the arms of stronger operators in Europe.
Atlanta-based UPS has less international exposure than FedEx and said in January that U.S. results helped buffer the impact of global economic softening. [L3N1ZV4LF]
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
FedEx cuts 2019 forecast again, shares drop 5 percentFedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three ...
Consulte Mais informação »
FedEx Corp.FedEx Corp. stock price, stock quotes and financial overviews from MarketWatch.
Consulte Mais informação »
FedEx just warned the whole globe is slowingA top executive at FedEx is flagging serious concerns in the global economy.
Consulte Mais informação »
Stocks making the biggest moves after hours: FedEx, Tencent Music and moreSee which stocks are posting big moves after the bell on March 19.
Consulte Mais informação »
FedEx should delay Boeing deliveries and boost stock with buybacks instead, Bank of America saysBank of America suggested on Monday that the logistics company could boost its stock by delaying planned purchases of Boeing airplanes.
Consulte Mais informação »
Elon Musk vs. SEC; Brexit chaos; FedEx earningsToday’s top business headlines with ChristineRomans: - S&P 500 climbs to five-month high - CNN poll: 7 in 10 say economy in good shape - Lyft plans to raise more than $2B in its IPO - DraftKings looks to cash in on March Madness
Consulte Mais informação »
FedEx earnings could save this lagging sectorFedEx is set to report earnings after the bell, and it could be a lifeline to this lagging sector.
Consulte Mais informação »
FedEx falls after missing on earnings and revenueFedEx is set to report earnings after the bell
Consulte Mais informação »
FedEx faces more trade headwindsGrowing trade tensions continue to be bad news for FedEx. The delivery company posted weak results and warned of more trouble ahead. Shares fell 5% in after-hours trading.
Consulte Mais informação »