New York (CNN Business) FedEx has been trying to turn its business around after a difficult year, but its second quarter results show that it's not nearly there yet. FedEx FDX Shares indropped nearly 7% in after-hours trading Tuesday following the earnings release. "Our adjusted operating profit year-over-year is horrific, but it's going to improve in Q3 and even more in Q4, compared to the prior year. ... We're going to come up off the mat and improve through the course of this year and into the next." Amazon AMZN The shipping company has been battling a number of challenges over the last several quarters — namely global trade disputes that cut down on FedEx's international shipping business and the loss of major customer

Source: CNN December 18, 2019 01:18 UTC