FedEx Falls After Outlook Cut Again Amid Economic Worries
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Bloomberg Intelligence Senior Logistics Analyst Lee Klaskow breaks down FedEx shares falling on Friday after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments.
Adjusted earnings are now expected to be in the range of $18 to $18.60 per share this fiscal year, below the $18.95 average analyst estimate. FedEx also cautioned that revenue may be slightly down versus the prior year, compared to its previous expectation that sales would be roughly flat.
FedEx is the latest US company to sound the alarm amid weakening consumer confidence and potential fallout from President Donald Trump’s escalating trade war. The parcel company, considered an economic bellwether because of its exposure to a broad swath of the global economy, said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.
Siemens Healthineers CFO Jochen Schmitz and Bloomberg News Senior Editor Nina Trentmann talk about tariffs and supply concerns for the medical technology company. Josh Weinstein, CEO of Carnival, shares his thoughts on earnings and the impact of geopolitical matters on the cruise business. HPE CEO Antonio Neri explains how the market should be viewing AI technology. Jeremy Jansen, Managing Director of Supply Chain Finance at Wells Fargo, discusses supply chain concerns and tariffs creating uncertainty for many businesses and consumers. And we Drive to the Close with Marta Norton, Chief Investment Strategist at Empower.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Logistics Analyst Lee Klaskow breaks down FedEx shares falling on Friday after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments.
Adjusted earnings are now expected to be in the range of $18 to $18.60 per share this fiscal year, below the $18.95 average analyst estimate. FedEx also cautioned that revenue may be slightly down versus the prior year, compared to its previous expectation that sales would be roughly flat.
FedEx is the latest US company to sound the alarm amid weakening consumer confidence and potential fallout from President Donald Trump’s escalating trade war. The parcel company, considered an economic bellwether because of its exposure to a broad swath of the global economy, said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.
Siemens Healthineers CFO Jochen Schmitz and Bloomberg News Senior Editor Nina Trentmann talk about tariffs and supply concerns for the medical technology company. Josh Weinstein, CEO of Carnival, shares his thoughts on earnings and the impact of geopolitical matters on the cruise business. HPE CEO Antonio Neri explains how the market should be viewing AI technology. Jeremy Jansen, Managing Director of Supply Chain Finance at Wells Fargo, discusses supply chain concerns and tariffs creating uncertainty for many businesses and consumers. And we Drive to the Close with Marta Norton, Chief Investment Strategist at Empower.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.
