FedEx Shares Sink on 'Jarring' Cut to Growth Forecast

FedEx has revised its 2019 earnings outlook due to challenges in Europe and Asia, particularly in parcel and air freight delivery. The market reacted negatively, with shares dropping significantly. Analysts have lowered their price targets, and concerns about global economic growth have been raised. FedEx's leadership, including CEO Fred Smith, highlighted the impact of the trade war on their earnings. The overall message is a cautionary one about the slowing global economy.

What was one of the surprising elements in FedEx's revised 2019 earnings outlook?

• Rising stock prices

• Increased parcel delivery volumes in Europe

• Higher costs for air freight in Asia

• Improved overnight delivery services

How did analysts react to FedEx's earnings report?

• They lowered their price targets

• They maintained their price targets

• They raised their price targets

• They ignored the report

What did FedEx executives indicate about global economic growth?

• It will increase significantly

• It will remain stable

• The peak is now behind us

• It is expected to peak next year

What is the broader significance of FedEx's earnings report?

• It highlights a booming global economy

• It suggests a stable economic environment

• It shows a strong economic recovery

• It indicates a potential global economic slowdown

What role did trade tensions play in FedEx's earnings forecast?

• They were ignored by the CEO

• They were beneficial

• They had no impact

• They contributed to the challenges