Lower demand and volumes drive down FedEx fiscal second quarter earnings

Quarterly revenue—at $22.8 billion—was off 3% annually, and net income—at $788 million—fell 25%. Operating income—at $1.176 billion—was off 26%. Diluted earnings per share—at $3.07—dropped 21%, topping Wall Street estimates of $2.83.

source https://www.supplychain247.com/article/lower_demand_and_volumes_drive_down_fedex_fiscal_second_quarter_earnings