Comment on FedEx cuts 2019 forecast again, shares drop 5 percent

FedEx cuts 2019 forecast again, shares drop 5 percent

FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc and Deutsche Post DHL Group.

 

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