UPDATE: Freightways shares fall 2% as margin concerns overshadow robust earnings

Mon, 14 Aug 2017

(recasts on share movement, adds comment from broker and managing director) By Rebecca Howard Aug. 14 (BusinessDesk) - Freightways shares fell 2 percent on concerns of mounting pressure on earnings margins for the courier and information management company, despite a lift in annual profit on the strength of volume growth and margin in the express package and business mail division and an upbeat outlook for the current financial year. The shares dropped 16 cents to $7.95 after the result. While net profit was largely in line with expec...

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