FedEx is a bit of a bellwether for macro.
It beat on EPS:
- Adjusted EPS US$3.18 (vs. expected 2.80)
Revenue missed:
- at US$22.8bln (expected $23.7bln)
The earnings call is due at 5.30pm NY time, expect more 'weak' economy remarks.
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FedEx quarterly earnings & sales fell from a year ago. Warned of ongoing weaker demand.
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