Fedex says that the economic uncertainty slows the parcels and the demand for charging

Fedex Corp shares fell by more than 5 % in after -sales trading on Thursday after the integrated parcel giant reduced their entire year for the third quarter in a row due to the intensification of the opposite winds of the macroeconomic economy and uncertainty in the American industrial economy, which dares the B2B charging services higher than the margin.

FEDEX (NYSE: FDXShe expected revenue to be flat to a slight decrease in a year from previous expectations of flat revenue. The estimated range of arrow profits, with the exception of certain costs, ranges from 18 to $ 18.60 compared to previous expectations from $ 19 to $ 20 per share.

One of the primary fields of uncertainty that can affect the FedEX extract is the rapid escalation of definitions and identification threats from the United States, which calls for revenge and anxiety of decreasing demand for the consumer demand due to high import prices.

During the fiscal year, the third quarter ended on February 28, and the FEDEX revenue increased by 1.9 % to 22.2 billion dollars, and the modified operating income of $ 1.5 billion was delivered, an increase of 11 % on an annual basis, despite the peak -peak and harsh air launch season, including wild fires and winter storms, in North America. This was the first time that revenues increased until the beginning of the fiscal year in June. FEDEX said it’s the highest transportation costs purchased due to inflation and high labor costs to increase wages and increase employment to support size growth.

The amended profits of one share, Wall Street estimates by 12 cents, but increased by 17 % over the previous year period, while the revenues were better than expected for $ 320 million.

The administration said that it expects a mixture of shipments to continue to convert postponed service offers, which will negatively affect the results. During the third quarter, the size of the deferred package in the United States increased by 5 %, while the priority volume of EXPress decreased by 3 %.

The company has strengthened better profitability to three factors: the success of the driving network, which aims to remove $ 4 billion permanently of structural costs, including $ 2.2 billion during the current fiscal year, while improving customer service; High prices through the transportation sectors; And the highest volume in the FedEx Express. During the quarter, FedEX $ 600 million of cost savings made from Drive.

Fedex Express, whose network with Fedex Ground, has made a 17 % increase in a modified operating income to $ 1.4 billion despite the significant negative impact of the loss of local air charge with the American Post service. Express enjoyed the highest export volume in the United States and international, which helped the juice revenues by 2.7 % to $ 19.2 billion.