FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this ...
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.
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 ...
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on its results.
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 came up short on top and bottom lines, and guidance revisions suggest there is more bad news to come in fiscal 2025.
Shipping giants FedEx and UPS shares are trading lower Friday after FedEx reported worse-than-expected quarterly results and ...
FedEx is expected to report a 4.8% rise in EPS and a 1% increase in revenue for the first quarter, as investors remain ...
Friday's big stock-market loser was FedEx Corp., with shares of the package-shipping company down 14% in recent trade, according to Dow Jones Market Data. What triggered such a precipitous drop? FedEx ...
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