FedEx slashes forecast, citing weak global economy - Reuters
FedEx Corp (FDX.N), the world's second-largest package delivery company, cut its profit outlook for the current quarter, saying weakness in the global economy was hurting demand for overnight international shipments more than anticipated.
A FedEx spokesman declined to say which regions are the most affected, but added that more detail will be available when quarterly results are released on September 18.
FedEx Corp (FDX.N), the world's second-largest package delivery company, cut its profit outlook for the current quarter, saying weakness in the global economy was hurting demand for overnight international shipments more than anticipated.
A FedEx spokesman declined to say which regions are the most affected, but added that more detail will be available when quarterly results are released on September 18.
