In some ways, FedEx is a bellwether of global trade and logistics. After all, global growth, inflation, fuel costs, interest rates, supply chain disruptions and competition are all elements that affect FedEx's revenue, margins and strategic investments.
Economic prints were better than expected today, as well -- all but FedEx's (FDX) Q1 earnings results.
FedEx (FDX) came out with quarterly earnings of $3.60 per share, missing the Zacks Consensus Estimate of $4.82 per share. This compares to earnings of $4.55 per share a year ago.
TD Cowen senior analyst Jason Seidl joins 'Closing Bell' to discuss his expectations for FedEx earnings, why he is picking FedEx over UPS, and more.
FedEx (FDX) shares tumbled in extended trading Thursday after the company missed analysts' estimates with its fiscal first-quarter results and slashed its full-year outlook.
Brandon Oglenski, Barclays transportation analyst, joins 'Closing Bell Overtime' to talk FedEx earnings.
CNBC's Fran Holland joins 'Closing Bell Overtime' with FedEx earnings.
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.
TD Cowen senior analyst Jason Seidl joins 'Closing Bell' to discuss his expectations for FedEx earnings, why he is picking FedEx over UPS, and more.
FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority services.
Wall Street expects FedEx to report earnings per share of $4.75 for the fiscal first quarter ended Aug. 31, one of the logistics firm's slower months.
FedEx Corporation FDX will release earnings results for its first quarter, after the closing bell on Thursday, Sept. 19.