FedEx misses earnings estimates, cuts full-year EPS forecast again

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 92%

ایران اخبار اخبار

ایران آخرین اخبار,ایران سرفصلها

FedEx misses earnings estimates, cuts full-year EPS forecast again GlobeBusiness

Package delivery company FedEx Corp. missed analysts’ estimates for quarterly profit and cut its full-year earnings per share forecast for the second time, citing weaker global trade growth, sending its shares down 5 per cent on Tuesday.

The Memphis, Tennessee-based company cut its fiscal 2019 adjusted earnings per share forecast to a range of $15.10 to $15.90, from $15.50 to $16.60 previously. FedEx, which is seen as a bellwether for the global economy, in December slashed its full-year profit forecast, blaming weak growth in Europe and a cooling Chinese economy due to an ongoing trade war with the United States.“Slowing international macroeconomic conditions and weaker global trade growth trends continue …,” Chief Financial Officer Alan Graf said in a statement.

The company’s adjusted net income fell to $797 million, or $3.03 per diluted share, in the third quarter ended Feb. 28, from $1.02 billion, or $3.72 per share, a year earlier.Analysts on average had expected earnings of $3.11 per share and revenue of $17.67 billion, according to IBES data from Refinitiv.

 

از نظر شما متشکرم. نظر شما پس از بررسی منتشر خواهد شد.
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

 /  🏆 5. in İR

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

General Electric forecasts earnings below analysts’ expectationsThe U.S. conglomerate said it expects adjusted industrial free cash flow of between negative $2 billion and flat.
منبع: globeandmail - 🏆 5. / 92 ادامه مطلب »