FedEx Shares Slip as Profit Growth Misses Street Target

A FedEx truck is driven through downtown in Los Angeles, on July 22, 2019. Mike Blake/Reuters

U.S. delivery firm FedEx Corp. posted lower-than-expected quarterly earnings on Thursday, hit by ongoing labor woes and the Omicron outbreak, and said second-half Ground margins will miss internal targets.

Shares of FedEx fell 3.5 percent to $219.90 in extended trading.