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, which reports fiscal 2025 first-quarter earnings Thursday after markets close, has seen its cost-cutting efforts ...
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.
FedEx has lowered its full-year outlook, expecting low-single-digit-percent revenue growth year over year, down from its ...
FedEx will be closing its Port Huron Township Ship Center effective Saturday, Sept. 28. Austin Kemker, communications ...
FedEx (FDX) shares plummeted after disappointing guidance, prompting downgrades from Morgan Stanley and Wells Fargo.
The Rakyat Post on MSN3d
MATRADE & FedEx Team Up To Supercharge Malaysian Exports & SMEsMOU was signed at the Malaysia International Trade and Exhibition Centre with MATRADE being represented by its Chief ...
Fintel reports that on September 20, 2024, HSBC downgraded their outlook for FedEx (BRSE:FDX) from Buy to Hold ... portfolio allocation in FDX by 0.33% over the last quarter. Capital International ...
A look at FedEx (FDX) ahead of its fiscal first-quarter earnings report, which is due out on Thursday, Sept. 19 ...
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this ...
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