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FedEx cuts profit outlook again, citing economic uncertainty and lower demand amid trade tensions.
FedEx has lowered its profit outlook for the third time, citing economic uncertainty and reduced demand due to the ongoing trade tensions.
The parcel company now expects adjusted earnings of $18 to $18.60 per share and slightly lower revenue compared to last year.
This move signals broader economic concerns, as FedEx's performance is seen as an indicator of overall economic health.
The company's shares dropped over 4% in after-hours trading following the announcement.
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FedEx vuelve a reducir las perspectivas de ganancias, citando la incertidumbre económica y la menor demanda en medio de tensiones comerciales.