Integrators gone nuts? From DHL's 'demand fee' to UPS's 'surge fee'...
Predictions, feedback welcome
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
SEEKING ALPHA writes:
– FedEx (NYSE:FDX) stock sank 12% postmarket on Thursday after the firm reported prelim. Q1 results that widely missed estimates, hurt by global volume softness that worsened in the final weeks of the quarter.
– FDX also withdrew its FY23 earnings forecast.
– The company expects Q1 adj. EPS of $3.44, well below consensus estimate of $5.14.
– Q1 revenue is projected to be $23.2B vs. consensus estimate of $23.52B…
To read the full post, please click here (free reg. is required).
Now read this: “FedEx cutting costs, withdraws 2023 guidance after first-quarter shipments disappoint“.
And this: “After-Hours Movers: FedEx Sinks on Warning, Bowlero Gains on Results“.
The full preliminary numbers can be found here.
Post-market, FDX down as much as 15.9% to $172.3 at the time of writing.
PS: And here comes our coverage on Friday, with FDX down 22% in early trade: “FedEx – ‘mayday’ from Memphis destroys confidence“. At the time of writing (10.12 ET), Dow, S&P and Nasdaq were down, respectively, 0.8%, 1.1% and 1.5%.
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