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%.
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FedEx Corp. Raj Subramaniam Brie Carere Mark CroninJane Roberts
Jane Roberts has reported in Memphis for more than 20 years. As a senior member of The Daily Memphian staff, she was assigned to the medical beat during the COVID-19 pandemic. She also has done in-depth work on other medical issues facing our community, including shortages of specialists in local hospitals. She covered K-12 education here for years and later the region’s transportation sector, including Memphis International Airport and FedEx Corp.
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