FedEx First-Quarter Earnings View Citing Weak Global Economy – WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"FedEx Corp. FDX -0.10% on Tuesday said a sharp decline in manufacturing activity would harm its profits this year, a sign of how declining Chinese output is ricocheting across economies around the world. The world’s largest air-cargo shipper by revenue said earnings in the August-ended quarter came in below its already reduced expectations. via FedEx … <\/p>\n
Continue reading “FedEx First-Quarter Earnings View Citing Weak Global Economy – WSJ.com”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[1362],"class_list":["post-5388","post","type-post","status-publish","format-standard","hentry","category-economy","tag-fedex"],"yoast_head":"\nFedEx First-Quarter Earnings View Citing Weak Global Economy - WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FedEx First-Quarter Earnings View Citing Weak Global Economy - WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"FedEx Corp. FDX -0.10% on Tuesday said a sharp decline in manufacturing activity would harm its profits this year, a sign of how declining Chinese output is ricocheting across economies around the world. 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Quarterly earnings fell 21% in Q2 of FY23, compared to the November quarter in FY22, while sales fell 3%. The company posted particular weakness in its Express unit, with operating income in\u2026","rel":"","context":"In "GDP and Activity"","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4654,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/19\/fedex-signals-freightload-of-economic-woe-wsj-com\/","url_meta":{"origin":5388,"position":1},"title":"FedEx Signals Freightload of Economic Woe – WSJ.com","author":"Colin Twiggs","date":"June 19, 2012","format":false,"excerpt":"Air-freight competitor UTi Worldwide, which recently reported results, sounded a note of caution about business in coming months. And April data on volumes from FedEx, the latest available, suggest a 9% drop in international cargo through its main hub in Memphis. All this hints that fourth-quarter results for the period\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19004,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/09\/28\/fedex-breaks-support\/","url_meta":{"origin":5388,"position":2},"title":"Fedex breaks support","author":"Colin Twiggs","date":"September 28, 2019","format":false,"excerpt":"Bellwether transport stock Fedex (FDX) broke long-term support at 150, warning of a decline with a long-term target of 100. A down-trend on Fedex has bearish implications for the broader economy, signaling that activity is declining. We have been here before: November 2007 - Fedex Warns of Worse to Come.\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18719,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/17\/approaching-stall-speed\/","url_meta":{"origin":5388,"position":3},"title":"Approaching stall speed","author":"Colin Twiggs","date":"August 17, 2019","format":false,"excerpt":"With 89.7% of companies having reported, S&P are projecting 4.4% earnings growth for June quarter 2019 compared to the second quarter in 2018. Even more interesting is their projection of 3.4% growth for the September quarter. With EPS growth boosted by a stock buyback yield of 3.5%, this warns that\u2026","rel":"","context":"In "GDP and Activity"","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3927,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/fedex-pares-global-gdp-outlook-as-slowdown-damps-profit-forecast-bloomberg\/","url_meta":{"origin":5388,"position":4},"title":"FedEx Pares Global GDP Outlook as Slowdown Damps Profit Forecast- Bloomberg","author":"Colin Twiggs","date":"March 22, 2012","format":false,"excerpt":"FedEx said express shipments declined both domestically and internationally because of \u201cbelow-trend\u201d growth. The operator of the world\u2019s biggest cargo airline said it was parking an unspecified number of planes, paring flight hours and reviewing domestic capacity.\u201cWe just don\u2019t have a strong economy as we had hoped it would be\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37520,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/09\/16\/fedex-recession-warning\/","url_meta":{"origin":5388,"position":5},"title":"Fedex recession warning","author":"Colin Twiggs","date":"September 16, 2022","format":false,"excerpt":"In the clearest recession warning to-date, bellwether transport stock FedEx (FDX) fell more than 15% in after-hours trading, to a two-year low of $170.90. FedEx's quarterly earnings announcement highlighted a sharp drop in parcel volumes, causing the company to withdraw its fiscal year 2023 earnings forecast. \u201cGlobal volumes declined as\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Fedex","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-09-15-fdxm.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-09-15-fdxm.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-09-15-fdxm.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5388"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5388\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}