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.
Parcel and cargo delivery company FedEx (NYSE:FDX) fell short of the market’s revenue expectations in Q3 CY2024 with sales flat year on year at $21.58 billion. Its non-GAAP profit of $3.60 per ...
FedEx is scheduled to report its fiscal first-quarter results after the bell on Thursday. Here's what you need to know: EARNINGS: The package-shipping company is expected to post per-share earnings of ...