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FedEx Corp lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald ...
FedEx reported third-quarter earnings that missed analysts’ expectations and cut its full-year outlook, sending shares lower in extended trading Thursday.
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FedEx stock tumbled after it slashed guidance for the full year. Its CFO said the revised outlook reflects "uncertainty in the US industrial economy." ...
Forecast cuts raise concerns about US industrial economy Morgan Stanley warns of structural pressures in parcel delivery sector Shares hit lowest in nearly two years March 21 (Reuters ...
FedEx shares sank Friday as several analysts dropped their price targets for the shipping giant's stock after the company ...
Additionally, FedEx said revenue for the year ending in May will likely be flat or slightly down year over year -- a downgrade from its earlier forecast that called for flat revenue. Where to ...
Shares in FedEx sank Friday, after the package-shipping company cut its annual forecasts for sales and earnings. FedEx stock recently stood nearly 11% lower at $219.21. That put the shares on pace ...
Memphis-based FedEx on Thursday lowered its full-year forecast for adjusted profit to $18 to $18.60 per share. FedEx in December cut that profit forecast for the fiscal year ending May 2025 to $19 ...
(Reuters) -FedEx's shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from the Trump ...
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