FedEx 3Q Net Down, Sees Limited Earnings Growth

Discussion in 'The Latest FedEx Headlines' started by cheryl, Mar 21, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx 3Q Net Down, Sees Limited Earnings Growth - Smart Money

    FedEx Corp. (FDX) on Thursday warned that financial results in the current fiscal fourth quarter will be hampered by high fuel prices and a weak economy, conditions that are expected to restrain earnings growth into fiscal 2009.

    The latest results and bleak outlook send a negative signal about broader economic prospects, as FedEx is considered an international economic bellwether owing to its central role in global supply chains. For FedEx, much like other large U.S.-based multinational companies, weakness in domestic operations is offsetting the benefits of international expansion.