FedEx Falls After Profit Forecast Trails Estimates

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jun 17, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx Falls After Profit Forecast Trails Estimates - Bloomberg

    FedEx Corp. fell in New York trading after the second-largest U.S. package-shipping company forecast a quarterly profit that trailed analysts’ estimates amid an “extremely difficult” economy.

    FedEx faces the “most difficult economic conditions in our company’s history,” said Chief Executive Officer Fred Smith, who founded the company 36 years ago. Still, he told analysts on a conference call that “the worst of the recession is likely behind us.”
  2. Int'lguy

    Int'lguy International Guy

    And as usual they didn't fall very far. Why does it seem that still, whenever they report non-stellar numbers they get ignored and good numbers they soar. At the same time UPS stock takes a similar hit (because its the economy stupid) but never goes up when they go up. It just isn't right. What do they have to report that will make the investing market realize that they just are running on all cylinders?