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 Stock: Price-Target Cuts Roll In After Big Earnings Miss
FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year outlook. Here's what you need to know.
Wall Street Breakfast Podcast: FedEx Earnings On Deck
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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’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
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 Makes Notable Cross Below Critical Moving Average
In trading on Friday, shares of FedEx crossed below their 200 day moving average of $267.52, changing hands as low as $255.40 per share.
Fedex stock plummets after earnings miss, lower outlook flashes warning on economy
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 versus its prior range of $20 to $22. That sent shares tumbling nearly 15%.
FedEx Stock Dips: Another Reason to Fear Recession Is Near
FedEx Corporation (NYSE: FDX) is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year.
Judge orders trial for FedEx driver indicted in Athena Strand murder moved to Tarrant County
Tanner Horner’s attorneys requested his trial be moved out of Wise County, citing “pre-trial publicity.” A judge approved the ...
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FedEx shipping center in Port Huron Twp. to close Sept. 28
FedEx will be closing its Port Huron Township Ship Center effective Saturday, Sept. 28. Austin Kemker, communications ...
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FedEx Stock Falls After Shipper Slashes Full-Year Outlook
FedEx lowered its revenue and earnings outlook for fiscal 2025. The company's fiscal first-quarter results missed analysts' ...
Man charged after shooting at a FedEx delivery van
A man has been charged with attempted second-degree homicide after he shot into an occupied FedEx vehicle on Thursday.
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FedEx driver accused of shooting at dogs while making delivery
According to the Port Clinton Police Department, the FedEx driver said he was delivering packages when a neighbor’s two ...
What You Need To Know Ahead of FedEx's Earnings
FedEx, which reports fiscal 2025 first-quarter earnings Thursday after markets close, has seen its cost-cutting efforts ...
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UPS Faces Pressure Amid FedEx's Disappointing Outlook
Headlines,UPS shares declined following FedEx's disappointing earnings report and lowered forecast.,Concerns arise regarding ...
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FedEx truck catches fire on I-44 in Burkburnett
BURKBURNETT, Texas (KAUZ) - First responders investigated a FedEx truck that caught fire on I-44 Thursday night. It happened ...
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue
FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.