FEDEX cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts’ targets on Tuesday (Dec 19), sending shares tumbling 8.5 per cent, as it battles for business in what is shaping up to be a weak holiday season.
FEDEX cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts’ targets on Tuesday (Dec 19), sending shares tumbling 8.5 per cent, as it battles for business in what is shaping up to be a weak holiday season.