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FedEx slumps 15% amid weak demand for pricey priority deliveries
Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales from higher-priced deliveries.
FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the
FedEx reports drop in quarterly earnings on lower demand for priority services
FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority services. The company's shares fell about 11% to $268.
FedEx shares fall sharply after missing on revenue and earnings, lowering guidance
CNBC's Fran Holland joins 'Closing Bell Overtime' with FedEx earnings. Can Kamala Harris beat Donald Trump? Latest poll updates Archaeologists Figured Out How Early Humans Killed Ice Age Mammoths. It’s Not How You Think.
FedEx shares tumble amid weak demand for priority deliveries
FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery services. Shares of the company were down nearly 13 per cent in premarket trading,
4d
Patton Kizzire ends drought with record five-stroke victory in FedEx Cup Fall opener
The 38-year-old former Auburn player earned a PGA Tour card for the next two years. He also gets spots in the Masters and PGA ...
6h
Stocks to Watch Friday: FedEx, Nike, Trump Media, Mercedes-Benz
Nike shares climbed 6% in premarket trading. The sportwear company said Thursday that John Donahoe would retire as chief executive next month, [capping a five-year tenure]( ...
Washington Times
15h
Wall Street edges back from its records as FedEx slumps
The Nasdaq composite was 0.3% lower, as of 10:30 a.m. Eastern time.
FedEx
dragged on the market with a drop of 14.8% after ...
18h
FedEx (NYSE:FDX) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops
Charting, Price Performance, News & Related Contracts.
6h
FedEx Stock Sinks After Company Cuts Outlook
Shares in FedEx (FDX) fell after the package-shipping company cut its full-year financial outlook. Late Thursday, FedEx also ...
1d
Mortgage rates, FedEx earnings, Trump Media: What to Watch
Freddie Mac will be reporting this week's mortgage rate print tomorrow after the 30-year fixed rate mortgage cooled to 6.2% ...
1h
on MSN
Shipping Giants FedEx, UPS Stocks Slip Friday: What's Going On?
Shipping giants FedEx Corp (NYSE:FDX) and United Parcel Service, Inc.(NYSE:UPS) shares are trading lower Friday after FedEx ...
5d
on MSN
How FedEx CEO Raj Subramaniam Is Adapting to a Post-Pandemic Economy
FedEx and its competitors are still adapting to a world without as much online shopping, and Subramaniam has had to make ...
JD Supra
10d
EEOC Sues FedEx For Disability Discrimination
Federal Lawsuit Charges FedEx With An Unlawful 100%-Healed Policy Against Drivers With Medical Restrictions - MINNEAPOLIS – ...
1d
on MSN
FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
FedEx Corporation (NYSE:FDX) will release earnings results for its first quarter, after the closing bell on Thursday, Sept.
44m
Fedex stock plummets after earnings miss, lower outlook flashes warning on economy
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 ...
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