FedEx (FDX) volatility up into Q4 profit slipping 1.4%

FedEx (NYSE: FDX) is recently down $1.80 to $86.71 in the premarket following the company reporting Q4 adjusted EPS $1.99, consensus $1.92. Jefferies said “the pronounced miss in the guidance reflects staffing levels and related costs in domestic Express.” July and October put option implied volatility of 34 is above its 26-week average of 28 according Track Data.

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