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Yahoo NewsJun 25, 2019
FedEx loses $2 billion, warns of headwinds in coming year
FedEx Corp. posted weak quarterly results in its core express business and warned Tuesday that its profit in the year ahead will be hurt by slowing growth in the world economy and the decision to drop a contract with retail giant Amazon. The delivery company reported a quarterly loss of nearly $2 billion. FedEx started a new fiscal year this month, and Chief Financial Officer Alan Graf said the company's performance, especially at FedEx Express, is being hurt by continued weakness in global trade and industrial production.

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