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DeepNewz, mobile.
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FedEx has lowered its full-year profit outlook for the third consecutive quarter, citing mounting economic uncertainty and declining demand that continue to impact its financial performance. Despite reporting higher profits and sales, the company acknowledged that weakness in the industrial economy is affecting corporate confidence and activity more than consumer spending. The adjustments reflect ongoing challenges in the parcel delivery sector as FedEx navigates a turbulent economic landscape.
Interesting from Fedex. Cites weakness in industrial economy for weakness. $FDX appears to say DC clown show is hurting corporate confidence & activity much more than consumer. And market is convinced consumer is what has nosedived. 🤷 $XLY $XLF $UPS https://t.co/0FuGWWejBe
FedEx vuelve a recortar previsiones de beneficios en medio de crecientes problemas económicos. Los detalles: https://t.co/Y97cM43xze
FedEx lowered its full-year profit outlook for a third consecutive quarter as mounting economic uncertainty adds to sputtering demand already squeezing the parcel company’s bottom line https://t.co/ke6LXXeoyq via @business