FedEx 3Q earnings fall, beat views »
Posted By MyWayOnNow 6 months, 4 weeks ago in Business & FinanceFedEx Corp. reported a 6 percent drop in third-quarter earnings Thursday due to high oil prices and a slow U.S. economy, and indicated it would miss Wall Street forecasts for the fourth quarter.
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MyWayOnNow6 months, 4 weeks ago
"FedEx faces a challenging economic environment that includes persistently high oil prices, sluggish U.S. growth and continued concerns in the credit markets," Frederick W. Smith, company chairman and chief executive officer, said in a statement. "We are managing our costs while positioning our portfolio of global transportation solutions to increase our profitability and returns once conditions improve."
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