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FedEx Corp. (FDX) Has Tumbled To A New Low After Guidance Cut

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.

FedEx has gapped open sharply lower Wednesday morning and is now down 15.57 at $169.44. The stock has been declining for the past 2 weeks and has tumbled to a new low for the year.

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