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Stock impact report

FedEx cuts full-year results forecast on ‘uncertainty' in economy, bad weather [CNBC]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: CNBC
lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President imposes on trading partners. “Our revised earnings outlook reflects continued weakness and uncertainty in the U.S. industrial economy, which is constraining demand for our business-to-business services,” Chief Financial Officer John Dietrich said in a statement. FedEx shares fell 5.3% to $232.29 in after-hours trade, while rival United Parcel Service UPS.N stock shed 1.1%. Those companies are seen as barometers for the global economy since their business touches so many types of businesses. Both companies have been slashing costs as less lucrative e-comme Read more
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