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FedEx tightens full-year profit forecast

2023-09-21 04:18
FedEx tightened its full-year profit forecast on Wednesday, even as it benefited from problems experienced by rivals UPS
FedEx tightens full-year profit forecast

FedEx tightened its full-year profit forecast on Wednesday, even as it benefited from problems experienced by rivals UPS and Yellow.

FedEx now expects full-year earnings per diluted share between $15.10 and $16.60 before certain accounting adjustments, compared with the prior forecast of $15 to $17 per share.

(Reporting by Priyamvada C in Bengaluru)