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.
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Analyst David Vernon of Bernstein maintained a Buy rating on FedEx (FDX – Research Report), with a price target of $337.00. David Vernon ...
FedEx, which reports fiscal 2025 first-quarter earnings Thursday after markets close, has seen its cost-cutting efforts ...
FedEx will be closing its Port Huron Township Ship Center effective Saturday, Sept. 28. Austin Kemker, communications ...
FedEx has lowered its full-year outlook, expecting low-single-digit-percent revenue growth year over year, down from its ...
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 (FDX) shares plummeted after disappointing guidance, prompting downgrades from Morgan Stanley and Wells Fargo.
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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 ...
A look at FedEx (FDX) ahead of its fiscal first-quarter earnings report, which is due out on Thursday, Sept. 19 ...
Consumer Protection Authority to fine FedEx for unauthorized charges on overseas orders to Israel; FedEx denies claims ...
Oil futures booked solid weekly gains, boosted by the Federal Reserve’s large interest-rate cut and a renewed rise in ...
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