FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue in 1Q -- Update
FedEx cut its outlook after posting lower profit and revenue in its fiscal first quarter after weaker-than-expected demand, particularly in the U.S. domestic package market, dragged down its results. Shares fell 8% to $300.39 a share in after-hours trading on Thursday. The stock was up 19% this year at market close.
FedEx (FDX) shares continue to lose ground as disappointing results and guidance drags sector lower in sympathy. Read more ...
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Alvin Kamara voted as FedEx Ground Player of the WeekAlvin Kamara continues to be recognized for his impact performance against the Dallas Cowboys. The New Orleans Saints running ...
FedEx came up short on top and bottom lines, and guidance revisions suggest there is more bad news to come in fiscal 2025.
Hold rating with short-term gain potential, but long-term investment remains unattractive. Explore more details here.
On Thursday after market close, FedEx Corporation (NYSE: FDX) issued its first quarter results as it undergoes a significant ...
FedEx Freight, the less-than-truckload segment, was negatively impacted by a decline in weight per shipment and reduced ...
The S&P 500 and Nasdaq lost ground at midday Friday after rallying to record highs Thursday in the wake of the Federal ...
FedEx also saw its adjusted operating margin expand by 40 bps to 8.5% in Q4’24. This clubbed with a 2% decline in average ...
FedEx, seen as a global trade barometer, lost over $11 billion in market value. Its earnings report dragged down shares in ...
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 ...
FedEx (FDX) shares plummeted after disappointing guidance, prompting downgrades from Morgan Stanley and Wells Fargo.
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