FedEx: Shares Fall After Soft Outlook And Missed Opportunity Of TNT - Seeking Alpha
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.
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.
