FedEx says cyber attack to hurt full-year results

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FedEx says cyber attack to hurt full-year resultsFedEx’s shares fell as much as 3.4 percent to $211.53 in early trading as the company said the financial impact of the disruption on its results was likely to be “material”. The Netherlands-based TNT Express is still experiencing widespread service delays following the attack, caused by the Petya cyber virus that spread through a Ukrainian tax software product, FedEx said. FedEx said it lost revenue due to decreased volumes at TNT Express and incurred incremental costs from contingency plans and remediation of affected systems.

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