Fedex stock plummets after earnings miss, lower outlook flashes warning on economy ...Middle East

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Fedex stock plummets after earnings miss, lower outlook flashes warning on economy
FedEx (FDX) stock tanked nearly 15% Friday morning following a much-worse-than-anticipated quarterly earnings report the day before, highlighting investor concerns over emerging cracks in the US economy. FedEx, which is often viewed as a bellwether for the economy, reported profits of $892 million, about 24% lower than analysts anticipated for its fiscal first quarter ended […] The post Fedex stock plummets after earnings miss, lower outlook flashes warning on economy appeared first on NY Times News Today.

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