FedEx Corp shares tumbled more than 10% on Wednesday after the company slashed i...
) shares tumbled more than 10% on Wednesday after the company slashed its 2020 profit forecast a second time, as it revamps its business to replace slumping air shipments with lower-profit residential deliveries.
At least six analysts cut FedEx’s price target, unswayed by executives’ assertion that the business had bottomed and would improve substantially before the fiscal year ends in May 2020. FedEx lowered its fiscal 2020 forecast by roughly 9%, citing costs related to launching seven-day delivery, lost revenue from its split with the world’s top online retailer and the ongoing U.S-China trade standoff that has roiled global trade.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
10 Leaders in Business, Politics and Arts Share Their Favorite Books of 2019Flea, Zadie Smith, Robert Iger and other leaders from literature, business, politics and the arts name the best books they read during 2019
Consulte Mais informação »
Most expect fair trial for Trump; 7 in 10 say let aides testify (POLL)JUST IN: 55% say Pres. Trump was treated fairly in the House impeachment hearings, and 62% expect him to get a fair trial in the Senate, per new ABC News/WaPo poll.
Consulte Mais informação »
10 Best Moisturizers for Dry Skin, According To A-List FacialistsLa Mer's The Moisturizing Soft Cream is, without a doubt, a cult-favorite in the beauty world. Nurse Jamie suggests it's worth every penny saying, 'incredibly light,' and not just light, 'basically weightless, but really great for dry skin types since it is super replenishing.' And it's a good thing it gets her stamp of approval because, at $335 for a 60ml jar, it's definitely a commitment.
Consulte Mais informação »
10 Things to Know for TodayAmong 10ThingstoKnow: — Rep. Jeff Van Drew, one of the few Democrats opposing Trump’s impeachment, switching parties; — Boeing to suspend production on 737 Max jet indefinitely; — Brees passes Peyton Manning to become NFL's career leader in TD passes.
Consulte Mais informação »