FedEx Shares Sink on 'Jarring' Cut to Growth Forecast

FedEx has revised its 2019 earnings outlook due to challenges in Europe and Asia, particularly in parcel and air freight delivery. The market reacted negatively, with shares dropping significantly. Analysts have lowered their price targets, and concerns about global economic growth have been raised. FedEx's leadership, including CEO Fred Smith, highlighted the impact of the trade war on their earnings. The overall message is a cautionary one about the slowing global economy.

What significant change did FedEx make to its earnings outlook in 2019?

What were the main regions mentioned where FedEx is experiencing challenges?

What was the market reaction to FedEx's earnings report and outlook?

How did FedEx's earnings forecasts change compared to three months prior?

What did the CEO of FedEx, Fred Smith, criticize regarding the economic environment?