In tough Q2 environment, FedEx Express buffeted by winds
Last April, FedEx announced a package of severe cost-cutting measures, which it calls DRIVE, designed to take $4 billion in expenses out of the network by May 31, 2025. (Gene J. Puskar/AP Photo file)
FedEx missed Wall Street’s expectations on markers across the board, including earnings per share and operating margin. The street expected an EPS of $4.19 and a margin of 6.6%. FedEx delivered $3.99 and 6.4%.
Topics
FedEx Corp. Raj Subramaniam Brie Carere Mark CroninJane Roberts
Longtime journalist Jane Roberts is a Minnesotan by birth and a Memphian by choice. She's lived and reported in the city more than two decades. She covers business news and features for The Daily Memphian.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.