FED EX (FDX)–Boxed In! – The global shipper saw higher hourly wages and bonuses take a bite out of earnings the previous quarter. Last night’s quarterly report also stated that ill effects of a cyberattack on a subsidiary also dented expectations despite an impressive $16.88 billion in revenue being generated. Shares are down 3% pre-market as a wave of downgrades have begun to surface.
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