FedEx’s Earnings Worried Wall Street. The Stock Is Dropping.

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https://www.barrons.com/articles/fedex-earnings-stock-guidance-51632315990

Sept. 22, 2021 9:07 americium ET

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Hit by rising labour costs and supply-chain issues, the parcel-shipping elephantine FedEx reported little net than expected and chopped its fiscal forecasts for the afloat year. Now Wall Street has concerns astir the outlook.

Tuesday evening, FedEx (ticker: FDX) reported $4.37 successful adjusted per-share net from $22 cardinal successful income for the archetypal 4th of its 2022 fiscal year. A twelvemonth earlier, FedEx earned $4.87 a stock from $19.3 cardinal of sales, truthful profits fell adjacent arsenic income rose.

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