FedEx Corp. (NYSE:FDX) today announced that it was cutting its projection of growth based on a poorer than hoped world wide economic performance. The company is able to approximate international growth based on its transport worldwide of thousands of different good. The projection was released along with it’s earnings forecast for the next quarter which ends in May. The company has experienced problems of its own recently. The figures it released today caused a drop of over 4% in its share price based on its projections. The projection that the world economy won’t grow quite as fast as expected stem…
FedEx (FDX) Lowers Global Expectations Due to Slowing European Economy
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.