FedEx has slashed its profit forecast amid fears for the global economy, but denied analysts’ claims that Amazon is becoming too strong a competitor.
The company announced that its second quarter adjusted non-GAAP results saw net income of $1.08bn on the back of revenues of $17.8bn.
But all eyes were on its warnings about the global economy – and its thoughts on Amazon.
“Internationally, economic strength seen earlier this year has given way ...
The post FedEx slashes profit forecast over global economy concerns, rather than Amazon appeared first on The Loadstar.