Sponsored by Energy Trust

FedEx cuts outlook

| Print |  Email
Must Reads
Tuesday, September 18, 2012

FedEx says the global economy is worsening, and cut its forecast again.

"Exports and trade have gone down at a faster rate than [gross domestic product] has," Chief Executive Fred Smith said during a conference call with analysts after FedEx reported a slip in fiscal first-quarter profit. He sad new products launches from Apple Inc. and Microsoft Corp. wouldn't be enough to counter the broader economic weakness, especially as more cargo is carried by non-premium, slower shipping options.

FedEx has been moving to trim costs for much of the past year, but it made clear Tuesday that the benefits haven't come quick enough to offset the weak economy. FedEx lowered its full-year earnings view, now expecting between $6.20 and $6.60 a share, down from an already-disappointing forecast of $6.90 to $7.40 in June.

Read more at The Wall Street Journal.

{biztweet}fedex{/biztweet}

 

More Articles

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

Corner Office: Steve Tatone

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits about the president and CEO of AKT Group.


Read more...

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...

The Bookseller

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Everyone knows college is expensive, but a look at the numbers brings that into sharp — and painful — focus.


Read more...

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...

Corner Office: Timothy Mitchell

January-Powerbook 2015
Saturday, December 13, 2014

A look-in on the life of Norris & Stevens' president.


Read more...

Dan and Louis Oyster Bar opens up to a changing neighborhood

The Latest
Thursday, December 11, 2014
121114-oystervidBy MEGHAN NOLT

VIDEO: Revamping a Classic — an iconic eatery stays relevant in a changing marketplace.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS