© Alexey Novikov


– 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…

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