FILE PHOTO: A Federal Express truck is shown in Los Angeles, California, U.S., October 16, 2019. REUTERS/Mike Blake
(Reuters) – FedEx Corp (FDX.N) suspended its 2020 profit outlook on Tuesday, citing uncertainty due to the coronavirus pandemic.
The package delivery company’s adjusted net income fell to $371 million, or $1.41 per share, in the third quarter ended Feb. 29, from $797 million, or $3.03 per share, a year earlier.
Reporting by Lisa Baertlein in Los Angeles and Ankit Ajmera in Bengaluru; Editing by Arun Koyyur