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 a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
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 wider economy.
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 fall sharply after missing on revenue and earnings, lowering guidance
CNBC's Fran Holland joins 'Closing Bell Overtime' with FedEx earnings.
FedEx shares tumble as customers opt for slow and cheap
FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options.
FedEx shares slump on missed FQ1, lowered FY25 guidance
FedEx (NYSE:FDX) missed FQ1 profit and sales expectations and dropped its outlook for FY25, driving shares sharply lower in after-hours trading and likely ending a nine-day winning streak when the stock opens for regular trading on Friday.
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.
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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 ...
FedEx (NYSE:FDX) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops
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The Telegraph14h
Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
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Orange County Register26d
Police turn FedEx hub into cash harvesting center
Police routinely detain and open boxes in Indianapolis, where FedEx operates its second-largest hub. When local agencies find cash, they keep it permanently through civil forfeiture, a law ...
USA Today22d
Are banks, post offices, UPS and FedEx open on Labor Day? Here's what to know
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Post Register23h
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.