Trade Slowdown and Increased Costs Hurt FedEx’s Q4 Earnings

Trade Slowdown and Increased Costs Hurt FedEx’s Q4 Earnings

FedEx (FDX) ended fiscal 2019 on a dismal note and reported a significant YoY decline in fourth-quarter earnings. The delivery giant posted adjusted EPS of $5.01, which was 15.2% lower than the year-ago quarter’s earnings of $5.91. The company cited sluggish revenue growth and increased expenses as the main reason behind the dismal bottom-line performance.