tnt fedex dreamstime_s_122106765
© Cineberg Ug


– FedEx (NYSE:FDX) trades lower after pointing to costs from a constrained labor market in FQ1 and setting profit guidance below expectations.

– Operating income fell to $1.49B during the quarter vs. $1.64B a year ago and the company reported an operating margin rate of 6.8% vs. 8.2% a year ago and 8.5% consensus.

– Digging into the quarter, the company says operating results in the FedEx Ground segment declined primarily due to higher labor costs and network inefficiencies due to inadequate ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.