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FedEx quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for priority services.
FedEx Shares Drop 14% After Weak Earnings Signal Economic Slowdown
FedEx Corp. (FDX) is facing increasing pressure as its latest earnings report revealed a significant miss on both profit and revenue expectations, triggering a sharp drop in its stock price. Shares of the shipping giant plummeted nearly 15% following the release of its fiscal first-quarter results,
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.
1d
on MSN
Vernon: Both FedEx and UPS are well-positioned to leverage pricing power despite current pressures
David Vernon, Senior Research Analyst – Transportation at Bernstein, sees FedEx's lowered guidance as an overreaction and ...
1d
on MSN
Shipping Giants FedEx, UPS Stocks Slip Friday: What's Going On?
Shipping giants FedEx Corp (NYSE:FDX) and United Parcel Service, Inc.(NYSE:UPS) shares are trading lower Friday after FedEx ...
1d
Challenging Quarter Show That FedEx's Complex Restructuring Got Messy
On Thursday after market close, FedEx Corporation (NYSE: FDX) issued its first quarter results as it undergoes a significant ...
Transport Topics
2d
FedEx Cuts Forecast After Tough Quarter for Deliveries
FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer ...
10d
FedEx Accused Of Discriminating Against Disabled Employees, Requiring Them To Be ‘100% Healed’
The EEOC accused FedEx of violating the Americans with Disabilities Act by requiring drivers with medical restrictions to ...
Electrek
6d
FedEx orders 15 more Workhorse W56 electric delivery vans
After a successful pilot program, FedEx is expanding its electric delivery fleet with the purchase of 15 Workhorse W56 ...
kval on MSN
3d
"Why not bring a little more competition?": Sen. Merkley pushes USPS alcohol deliveries
Consumers could soon have another option if they're having beer, wine, or spirits delivered to their homes.On Tuesday, ...
5d
FedEx Earnings Preview: Ultimately, FedEx Is A Margin And Free Cash Flow Story
When FedEx reports after the close on Thursday, September 19, consensus is expecting revenue of $21.9 billion for the 2nd ...
1d
FedEx Slumps as Lowered Outlook Offers Warning Sign for Economy
FedEx Corp. warned its business would slow in the year ahead and reported a worse-than-expected quarterly profit in an ominous sign about the direction of the US economy.
1d
on MSN
FedEx’s earnings miss may be more of a speed bump than a brick wall, analyst says
Analysts see a potential spinoff of FedEx’s freight business as a possible boost, but the stock is dropping sharply ...
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