FedEx quarterly earnings & sales fell from a year ago. Warned of ongoing weaker demand.

FedEx is a bit of a bellwether for macro.

It beat on EPS:

• Adjusted EPS US$3.18 (vs. expected 2.80)

Revenue missed:

• at US$22.8bln (expected $23.7bln)

The earnings call is due at 5.30pm NY time, expect more 'weak' economy remarks.