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The Ratings Game: FedEx stock falls, but ‘green sprouts’ help keep most analysts bullish

Shares of FedEx Corp. took a dive Wednesday, in the wake of a gloomy earnings report, but most analysts remain bullish on the package delivery giant as recent “green sprouts” suggest the longer-term outlook remains bright.

FedEx reported late Tuesday a fiscal third-quarter profit and revenue that missed expectations, and cut its full-year earnings outlook, citing slowing international economic conditions and weaker global trade growth.

The company said it launched a voluntary employee buyout program, constrained hiring and limited discretionary spending, as it looks to invest in ways to lower costs and improve competitiveness.

Don’t miss: FedEx just fired off a warning investors may not be able to ignore.

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