The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 versus its prior range of $20 to ...
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 August 31. The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 versus its prior range of $20 to $22.
“The magnitude of the Fed rate cuts yesterday signals the weakness of the current environment,” FedEx CEO Raj Subramanian told analysts in a call Thursday afternoon. A woman who accused Mohammed Fayed of sexual assault was allegedly warned she might “have an accident” by his bodyguard.
Friday Morning Earnings Per Share Raj Subramanian Subramanian Financial Outlook Quarterly Earnings
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