3 Hours AgoFedEx drops 9% on disappointing profits FedEx’s inventory sank 9% after the package-delivery corporate posted disappointing quarterly effects and trimmed its earnings outlook.Adjusted profits got here in at $3.99 consistent with proportion, falling in need of the $4.18 anticipated by means of analysts polled by means of LSEG. The corporate reported $22.17 billion in earnings, as opposed to the $22.41 billion estimated.See Chart…FedEx’s inventory slumps after earningsFedEx additionally mentioned it expects revenues to say no within the low unmarried digits for the fiscal yr. That is down from the flat year-over-year gross sales in the past forecasted.— Samantha Subin, Leslie Josephs 4 Hours AgoStock futures open little modified
