U.S. delivery firm FedEx Corp posted lower-than-expected quarterly earnings on Thursday, hit by ongoing labor woes and the Omicron outbreak, and said second-half Ground margins will miss internal targets.
posted lower-than-expected quarterly earnings on Thursday, hit by ongoing labor woes and the Omicron outbreak, and said second-half Ground margins will miss internal targets.E-commerce shipments fueled revenue at FedEx and United Parcel Service
"As such, we expect our second-half Ground margins will be lower than our previous expectations and not reach double digits," Subramaniam said.
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