Investing.com - FedEx (NYSE:FDX) shares dropped in after-hours trading after the company cut its 2020 earnings forecast in the face of trade tensions and global economic uncertainty.
- FedEx (NYSE:FDX) said it now expects to earn $11 to $13 per share for 2020, compared with the consensus estimate of $14.62 from S&P Capital IQ.
- The stock fell 7.8% postmarket.