Tuesday, 23 April 2024
The business has seen declining revenue and temporary store closures due to the COVID-19 pandemic, which will continue to hurt its operating performance in the near term, FedEx said in a filing.
FedEx does not expect to make any current or future cash expenditure as a result of the impairments, the company said.
Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.
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