YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
FedEx shares fell as much as 4 percent in after-hours trading yesterday after the company lowered its fiscal 2018 forecast.
The company expects earnings between $11.05 and $11.85 per share for the year, below a previous projection of $12 to $12.80 per share.
FedEx cited Hurricane Harvey's negative impacts on the shipping industry and the TNT Express cyberattack. The attack "significantly affected" the worldwide operations of the segment, official said.
Read more from CNBC.
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