(Reuters) - FedEx said last week that its earnings fell for the third quarter ended Feb. 28 and that its growth targets would be at risk if the U.S. economy did not improve, spooking some investors and knocking the company's stock down 4 percent since then. For details, see [ID:nN21279811].
The package delivery company, which is seen as a bellwether of U.S. economic activity, cited a slower economic environment, lower fuel surcharges and severe winter storms for the lower profit, which nonetheless exceeded Wall Street estimates.
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