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FedEx: Shares Fall After Soft Outlook And Missed Opportunity Of TNT
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<blockquote data-quote="cheryl" data-source="post: 954227" data-attributes="member: 1"><p><strong>FedEx: Shares Fall After Soft Outlook And Missed Opportunity Of TNT - Seeking Alpha</strong></p><p></p><p>FedEx (FDX), a bellwether for the state of the economy reported its third quarter results Thursday. Investors are disappointed with the cautious outlook and send the shares 3.5% lower.</p><p></p><p>FedEx is worried about the recession in Europe and the impact of continuing increasing oil prices on its business. It expects to continue to see a decline in volume prompting it to cut capacity both domestic and internationally by parking some of its freight airlines already.</p><p></p><p>Some investors are disappointed with the decision to not make a counterbid for TNT Express as they point out that FedEx will have a strategic weak position in Europe for years to come.</p></blockquote><p></p>
[QUOTE="cheryl, post: 954227, member: 1"] [B]FedEx: Shares Fall After Soft Outlook And Missed Opportunity Of TNT - Seeking Alpha[/B] FedEx (FDX), a bellwether for the state of the economy reported its third quarter results Thursday. Investors are disappointed with the cautious outlook and send the shares 3.5% lower. FedEx is worried about the recession in Europe and the impact of continuing increasing oil prices on its business. It expects to continue to see a decline in volume prompting it to cut capacity both domestic and internationally by parking some of its freight airlines already. Some investors are disappointed with the decision to not make a counterbid for TNT Express as they point out that FedEx will have a strategic weak position in Europe for years to come. [/QUOTE]
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