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FedEx Stock Plunges on Weak Results
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FedEx's stock plummeted after the company's Q2 financial results fell short of expectations, leading to a 7% decline. The company's revenue for the period and full-year forecast were below consensus estimates, citing weaker demand and a decline in revenue. FedEx's CEO highlighted progress in operating income growth and margin expansion despite lower revenue.
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How might FedEx's stock decline impact investor confidence in the company?
What implications does FedEx's reduced revenue forecast have for the broader logistics industry?
What strategies could FedEx employ to address weaker demand and improve revenue?
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