Cyber attack, hurricane weigh on FedEx quarterly profit - Reuters
Package delivery company FedEx Corp on Tuesday reported a lower-than-expected quarterly net profit due to service disruptions from a cyber attack on its Dutch unit, the impact of Hurricane Harvey and higher costs, and also lowered its full-year earnings forecast.
Shares of the company, often considered a bellwether for the U.S. economy as are those of rival United Parcel Service Inc, dipped more than 2 percent in after-hours trading.
Package delivery company FedEx Corp on Tuesday reported a lower-than-expected quarterly net profit due to service disruptions from a cyber attack on its Dutch unit, the impact of Hurricane Harvey and higher costs, and also lowered its full-year earnings forecast.
Shares of the company, often considered a bellwether for the U.S. economy as are those of rival United Parcel Service Inc, dipped more than 2 percent in after-hours trading.
