FedEx Shares Tumble Amid Weak Demand for Priority Deliveries
(Reuters) - 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. Shares of the company were down nearly 13% in premarket trading, with rival UPS down 2.4%.
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, ...
FedEx cites weaker than expected demand from manufacturers with many ditching priority shipping for cheaper options.
Hold rating with short-term gain potential, but long-term investment remains unattractive. Explore more details here.
Shares in FedEx (FDX) fell after the package-shipping company cut its full-year financial outlook. Late Thursday, FedEx also ...
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.
FedEx Corp ( NYSE:FDX) has implemented significant new pricing actions, including demand and fuel surcharges, which are ...
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.
FedEx cuts its fiscal-year outlook following weaker-than-expected fiscal first-quarter earnings, while Nike stock rallies ...
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