fedex profit beats estimates, warns of trade war impact /

Published at 2019-06-26 05:08:00

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FedEx posted quarterly profit that topped market expectations,but warned that US-China trade tensions and non-renewal of an Amazon contract will damage its fiscal 2020 performance, Reuters reports. “Our fiscal 2020 performance is being negatively affected by continued weakness in global trade and industrial production, or especially at FedEx Express,” the company’s CFO Alan Graf was […]

Source: ejinsight.com

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