Our comment about the ‘rough start’ that these results show isn’t just about the disappointing results from the likes of FedEx FDX, Nike NKE, Carnival CCL and others, but how so few of these companies have been able to beat estimates that had already come down. FedEx Corporation (FDX): Free Stock Analysis Report That said, the strong U.S. dollar has joined the pre-existing headwinds of logistical challenges and inflationary pressures in weighing on corporate profitability.