FedEx Profit Outlook Beats Expectations

2 months ago

Rachel Poola

"so um CFO was also speaking today and um he said that now expects profit um this quarter to improve from a year ago. Um I think this kind of contrast with what investors initially expected uh that it would be slightly worse than last year. You know they were concerned about weak holiday season that tariffs would affect cost and then also the company will have to ground about 4% of its fleet after the uh uh fatal UPS crash last week. So clearly the comments today are a relief to investors as well."

FedEx's CFO indicated an expected improvement in quarterly profits compared to last year, countering earlier concerns regarding a weak holiday season, tariffs, and operational setbacks. The improved outlook has been received as a relief by investors.

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