FedEx shares tumble over 15% on limp demand, delivery trade-down
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 shares tumble 16% on limp demand, delivery trade-down
By Shivansh Tiwary and Lisa Baertlein (Reuters) -Shares of FedEx slumped almost 16% on Friday, the worst in two years, after ...
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FedEx Likely Faces 'Greater Earnings Risk' Over Long Term Than Previously Envisaged, Morgan Stanley Says
FedEx (FDX) likely faces a "greater earnings risk" over the long term than previously expected, given the extent of its fiscal first-quarter miss and a potentially steep recovery path, Morgan Stanley ...
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 ...
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Stock market today: Wall Street edges back from its records as FedEx slumps
Wall Street is quieter, and U.S. stocks are edging back from the records they set the day before during a worldwide rally.