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.
Similar Stories to Fedex Cuts 2019 Forecast Again, Shares Drop 5 Percent on Bing News
Reuters: Business News, Reuters: Business
Tue, 03/19/2019 - 2:32pm
BING NEWS:
- The US economy is headed for a hard landing this year, and deep rate cuts are the only solution, Citi chief economist says
While most experts are uncertain how many rate cuts will come in 2024, Citi's chief US economist is out on a limb predicting four.
05/21/2024 - 7:12 am | View Link - Under Armour to cut jobs, warns of surprise drop in sales this year as company looks to ‘meaningfully reset’
Under Armour forecast a surprise drop in annual sales and projected profit below analysts’ estimates on Thursday, as the sportswear maker laid out a plan to simplify its business and cut jobs in the ...
05/16/2024 - 4:52 am | View Link - Deere Cuts 2024 Profit Forecast as Falling Crop Prices Squeezes Demand
(Reuters) - Deere trimmed its annual profit forecast for the second time on Thursday, as farmers buy fewer tractors and combine harvesters due to falling crop prices. The world's largest farm ...
05/15/2024 - 11:09 pm | View Link - Thyssenkrupp cuts profit forecast as steel demand wanes
Now expects net loss vs break even in 2023/24 Books impairments on materials trading division Thyssenkrupp shares -2.2%, Thyssenkrupp Nucera ... having previously forecast breaking even. According to ...
05/15/2024 - 1:04 am | View Link - Fed Rate Cuts Remain Elusive. Why Markets Can’t Count on Inflation Data for Insight and 5 Other Things to Know Today.
Retail earnings to illustrate consumer spending patterns, inflation reading this week could confirm downward trend, and other news to start your day.
05/12/2024 - 11:46 pm | View Link - More
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