FedEx Stock Slides on Financial Shortfall

FedEx's stock slumped as the company's Q2 financial results fell short, leading to a 7% decline in share price. The adjusted EPS and revenue missed analyst expectations, with CEO Raj Subramaniam highlighting progress in operating income growth and margin expansion. FedEx also lowered its full-year revenue forecast due to UPS winning back customers lost during labor negotiations. Additionally, the company faced challenges from weaker demand, surcharges, and customers shifting to cheaper services.