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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 tumble over 15% on limp demand, delivery trade-down
FedEx, seen as a global trade barometer, lost over $11 billion in market value. Its earnings report dragged down shares in rivals United Parcel Service and DHL, which are also grappling with sluggish demand and an overhead cost hangover from the early pandemic's ecommerce boom.
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.
21h
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
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 ...
kalkinemedia
8h
UPS Faces Pressure Amid FedEx's Disappointing Outlook
Headlines,UPS shares declined following FedEx's disappointing earnings report and lowered forecast.,Concerns arise regarding ...
16h
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 ...
18h
Analysts reset FedEx stock price targets after earnings
FedEx has lowered its full-year outlook, expecting low-single-digit-percent revenue growth year over year, down from its ...
5d
on MSN
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 ...
freightwaves.com
1d
FedEx results hurt by weak demand, fewer premium customers
FedEx Freight, the less-than-truckload segment, was negatively impacted by a decline in weight per shipment and reduced ...
5d
FedEx: A Turnaround With Significant Upside Potential (Rating Upgrade)
FedEx is undergoing a significant transformation under CEO Raj Subramaniam, aiming to cut costs. Read why I upgrade FDX stock ...
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 ...
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