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.
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 ...
A record-setting week for Wall Street closed on a quieter note Friday. FedEx dropped 15.2% after its profit and revenue for the latest quarter fell short of expectations. It said U.S.