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FedEx Corp. (FDX) Is Sinking After Full Year Outlook Slashed

FedEx Corp. (FDX) reported second quarter adjusted EPS of $4.03 after the close Tuesday, which beat the consensus estimate of $3.94. The company also reduced its full year 2019 EPS forecast to between $15.50 and $16.60, from prior expectations of $17.20 to $17.80. The stock is now down 11.02 on 470K shares.

FedEx gapped up slightly Tuesday, but was range-bound throughout the session. The stock closed up by 2.32 at $185.01.

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