FedEx Q3 estimate lowered below consensus at Citigroup

theflyonthewall.com

Citigroup lowered its Q3 earnings estimate for FedEx to $1.45 from $1.55, below the consensus of $1.54, to reflect the impact from severe winter weather. Citi believes FedEx's underlying fundamentals held up well in the quarter, however, and reiterates a Buy rating on the stock.

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