FedEx heads into fiscal Q1 results with the bar lowered
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FedEx (NYSE:FDX) is set to report fiscal Q1 earnings on September 18, facing challenges such as stagnant B2B demand and negative B2C trends. J.P. Morgan's Brian Ossenbeck notes that sentiment is low, predicting a miss on earnings. Despite this, analysts remain optimistic about FedEx's future, citing the Freight spin-off and cost-saving initiatives as potential catalysts for growth. FedEx is expected to report an adjusted profit of $3.67 on $21.71B in revenue, reflecting slight year-over-year improvements. Year-to-date, FedEx shares are down 19%.
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