# # # 📦 Last Tuesday, FedEx reported earnings for Q2 FY 2024. The Numbers: Earnings: 🔴 $3.99 Misses $4.18 Est. Revenue: 🔴 $22.17B Misses $22.41B Est. Consensus estimates are from LSEG. The Quarter & Guidance: Investors weren’t happy with FedEx’s earnings report, sending shares down by over 12% this week. The company saw a 3% reduction in overall revenue and saw a considerable bottom line miss. FedEx’s largest segment, Express, saw revenue decline by 6% due to lower demand and customers switching to more affordable services. Looking ahead, FedEx cut its full-year revenue outlook to a low-single digit decline, down from prior flat growth expectations. Challenging demand and customer shifts will continue to impact future revenue, despite FedEx’s ongoing restructuring efforts. Source: FedEx, CNBC, WSJ 📦 This week, FedEx reported higher-than-expected quarterly profits with adjusted earnings of $4.55 per share, beating the average analyst estimate of $3.73. The c...