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 (FDX) likely faces a "greater earnings risk" over the long term than previously expected, given the extent of its fiscal first-quarter miss and a potentially steep recovery path, Morgan Stanley ...
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.
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US stocks opened slightly lower on Friday, edging off of Thursday's highs as traders took a break following a busy week of trading around the Federal Reserve's interest rate decision.