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FedEx shares tumble 16% on limp demand, delivery trade-down
By Shivansh Tiwary and Lisa Baertlein (Reuters) -Shares of FedEx slumped almost 16% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
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 slumps 15% amid weak demand for pricey priority deliveries
Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales from higher-priced deliveries.
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 shares fall sharply after missing on revenue and earnings, lowering guidance
CNBC's Fran Holland joins 'Closing Bell Overtime' with FedEx earnings.
2d
on MSN
FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
FedEx Corporation (NYSE:FDX) will release earnings results for its first quarter, after the closing bell on Thursday, Sept.
22h
on MSN
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.
2d
Mortgage rates, FedEx earnings, Trump Media: What to Watch
Freddie Mac will be reporting this week's mortgage rate print tomorrow after the 30-year fixed rate mortgage cooled to 6.2% ...
6d
on MSN
How FedEx CEO Raj Subramaniam Is Adapting to a Post-Pandemic Economy
FedEx and its competitors are still adapting to a world without as much online shopping, and Subramaniam has had to make ...
Washington Times
1d
Wall Street edges back from its records as FedEx slumps
The Nasdaq composite was 0.3% lower, as of 10:30 a.m. Eastern time.
FedEx
dragged on the market with a drop of 14.8% after ...
JD Supra
11d
EEOC Sues FedEx For Disability Discrimination
Federal Lawsuit Charges FedEx With An Unlawful 100%-Healed Policy Against Drivers With Medical Restrictions - MINNEAPOLIS – ...
1d
FedEx (NYSE:FDX) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops
Real-time index price for PHLX Canadian Dollar (XDC), along with buy or sell indicators, analysis, charts, historical performance, news and more ...
The Telegraph
11h
Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
Unlimited access to all stories from nashuatelegraph.com on your computer, tablet or smart phone. Access nashuatelegraph.com, view our digital edition or use our Full ...
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