Originally Posted by
Noworkallplay
Profits just didn't grow at the rates some wanted. Still massively profitable. That's the problem with "the market". They want 5-10 percent increases every year. Just isn't possible even for the best ran companies.
FedEx was clearly decelerating the quarters before Covid.
---------Profit Margin/Net Income (Q3 ends Feb 29, 2020)
2020Q3 2.8%/371M
2019Q3 5.8%/797M
2020Q2 3.9%/660M
2019Q2 7.5%/1.08B
2020Q1 6.1%/800M
2019Q1 7.0%/933M
Source Fedex Investors Relations