FedEx Shares Plummet Amid Brutal Profit Warning

FedEx (NYSE: FDX) shares fell 24% Friday morning after the company posted disappointing preliminary Q1 earnings and withdrew its full-year guidance on Thursday. The volatile economy, specifically in Asia and Europe has negatively impacted FedEx’s express delivery business as demand for packages weakened during the final weeks of the quarter. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”FDX” …

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