FedEx Shares Fall On Quarterly Revenue Miss

FedEx reported its third straight quarterly revenue drop as demand has weakened following the pandemic boom, sending shares into the red on Wednesday.
The company is now looking to cut costs by reducing flights and grounding more aircraft.
Despite the recent dip in stock value, shareholders have watched their stake in the express transportation company skyrocket this year, rising around 33% outpacing the S&P 500’s 13% rise.

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