FedEx’s Earnings Worried Wall Street. The Stock Is Dropping.

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Hit by rising labor costs and supply-chain issues, the parcel-shipping giant FedEx reported lower earnings than expected and cut its financial forecasts for the full year. Now Wall Street has concerns about the outlook.

Tuesday evening, FedEx (ticker: FDX) reported $4.37 in adjusted per-share earnings from $22 billion in sales for the first quarter of its 2022 fiscal year. A year earlier, FedEx earned $4.87 a share from $19.3 billion of sales, so profits fell even as sales rose.


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