Global Trade Bellwether FedEx Misses, Cuts Outlook, Blames Weak Industry Demand, Higher Wages
September 16, 2015 at 09:17 AM EDT
Fedex reported non-GAAP EPS of $2.42 missing already reduced consensus expectations of $2.45, but it also cut its full year 2016 EPS guidance from $10.60-$11.10 to $10.40-$10.90.
