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Investors Should View the Pullback in FedEx as an Opportunity for What's Ahead

Chris Versace

Despite that tailwind, FedEx reported weaker than expected quarterly bottom line results despite reporting stronger than expected revenue and boosting its 2019 outlook. Specifically, FedEx now sees FY2019 EPS of $17.20-$17.80 vs. its prior guidance of $17.00-$17.60 and the consensus of $17.40. While FedEx cited some modest impact was had on its business due to tariffs with China (China-U.S. bidirectional packages are 2% of FedEx revenue), it forecasted continued revenue growth ahead which reflects the shift toward digital commerce mentioned above.