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FedEx Cuts Full-Year Outlook
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.
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue in 1Q -- Update
FedEx cut its outlook after posting lower profit and revenue in its fiscal first quarter after weaker-than-expected demand, particularly in the U.S. domestic package market, dragged down its results. Shares fell 8% to $300.39 a share in after-hours trading on Thursday. The stock was up 19% this year at market close.
FedEx Corporation Bottom Line Declines In Q1
FedEx Corporation (FDX) revealed a profit for first quarter that decreased from last year The company's bottom line came in at $1.47
Oil prices, Fed
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 previous projection of a low-to-mid-single-digit increase. It expects earnings per diluted share to range from $17.90 to $18.90, compared to the earlier forecast of $18.25 to $20.25.
Oil prices log weekly gains after Fed rate cut, rising Middle East tensions
Oil futures booked solid weekly gains, boosted by the Federal Reserve’s large interest-rate cut and a renewed rise in tensions in the Middle East.
Oil ends week higher as investors take stock of Fed rate cuts
Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply. Brent futures settled down 39 cents, or 0.52%,
7h
Optimistic Outlook for FedEx: Analyst Recommends Buy Amid Cost Savings and Market Recovery Potential
Analyst David Vernon of Bernstein maintained a Buy rating on FedEx (FDX – Research Report), with a price target of $337.00. David Vernon ...
thetimesherald
3d
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 ...
2d
on MSN
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.
6d
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 ...
2d
on MSN
FedEx sends a shiver throughout the transportation and logistics sectors with soft guidance
FedEx (FDX) shares plummeted after disappointing guidance, prompting downgrades from Morgan Stanley and Wells Fargo.
13d
FedEx Faces Lawsuit Over Alleged Discrimination Against Disabled Drivers
On Friday, the Equal Employment Opportunity Commission (EEOC) sued FedEx Corporation (NYSE:FDX), saying the global shipping ...
9d
Illegal handling fees for FedEx shipments to Israel
Consumer Protection Authority to fine FedEx for unauthorized charges on overseas orders to Israel; FedEx denies claims ...
SchaeffersResearch.com
11d
Will FedEx Stock Surge Again After Earnings?
A look at FedEx (FDX) ahead of its fiscal first-quarter earnings report, which is due out on Thursday, Sept. 19 ...
The Rakyat Post on MSN
3d
MATRADE & FedEx Team Up To Supercharge Malaysian Exports & SMEs
MOU was signed at the Malaysia International Trade and Exhibition Centre with MATRADE being represented by its Chief ...
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