FedEx lowered first-quarter earnings expectations

Federal Express in September 4th announced that, as of August 31st first quarter, profits would be lower than previously expected. Profit forecast is the main cause of the global economic growth is weak, affected the revenue growth.
FedEx Express, expected the first quarter earnings per share of $1.37 to $1.43 in the same period last year, $1.46. Previously, the company expected the first quarter earnings per share in the $1.45 to $1.6.