Earnings OutlookThe company lowered its earnings outlook, with management now expecting lower future earnings due to continued weakness and uncertainty in the U.S. industrial economy.
Earnings QualityThe gap between GAAP and non-GAAP EBIT remains significant, raising concerns about earnings quality.
Structural PressuresFY guidance cut will likely exacerbate concerns of structural pressures in the Parcel business, which may even overwhelm the DRIVE cost-out program.