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FedEx stock falls after company lowers outlook on slowdown in Europe
Shares of FedEx Corp. FDX, fell more than 3% in the extended session Tuesday after the logistics and delivery company reported adjusted fiscal second-quarter earnings above expectations but raised concerns about its international business, announced cost cuts, and lowered its outlook for earnings. FedEx said it earned $935 million, or $3.51 a share, in the quarter, compared with $775 million, or $2.84 a share, in the year-ago period. Adjusted for one-time items, the company earned $1.08 billion, or $4.03 a share, in the quarter, compared with $866 million, or $3.18 a share, a year ago. Revenue rose to $17.8 billion from $16.3 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $3.94 a share on sales of $17.8 billion....
![[Bild: FDXc1dl1625.png]](https://finviz.com/publish/121818/FDXc1dl1625.png)
Shares of FedEx Corp. FDX, fell more than 3% in the extended session Tuesday after the logistics and delivery company reported adjusted fiscal second-quarter earnings above expectations but raised concerns about its international business, announced cost cuts, and lowered its outlook for earnings. FedEx said it earned $935 million, or $3.51 a share, in the quarter, compared with $775 million, or $2.84 a share, in the year-ago period. Adjusted for one-time items, the company earned $1.08 billion, or $4.03 a share, in the quarter, compared with $866 million, or $3.18 a share, a year ago. Revenue rose to $17.8 billion from $16.3 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $3.94 a share on sales of $17.8 billion....
