FedEx quarterly profit misses Wall Street estimate

Shares in the Memphis-based package delivery company fell 3.4 percent to $247 in after-hours trading. FedEx and rival United Parcel Service Inc (UPS.N) are considered bellwethers for the U.S. economy and investors are monitoring U.S. President Donald Trump’s tariff battle with China. Revenue from China-U.S. trade represents 2 percent of total FedEx revenue and tariffs affect a small portion of that, the company said. …read more

Source:: Yahoo Finance


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