FedEx Sees Approximately Flat Revenue Year Over Year, Compared To The Prior Forecast Of Flat To Low-Single-Digit-Percent Revenue Growth
Portfolio Pulse from Benzinga Newsdesk
FedEx has revised its revenue forecast for the year, now expecting approximately flat revenue year over year, compared to its prior forecast of flat to low-single-digit-percent revenue growth.
September 20, 2023 | 8:06 pm
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FedEx's revised forecast indicates a potential slowdown in revenue growth, which could negatively impact its stock price in the short term.
FedEx's revised forecast indicates a potential slowdown in revenue growth. This could be perceived negatively by investors, leading to a potential decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100