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 Earnings Are Economy Red Flag
JPMorgan’s (NYSE: JPM) famous CEO Jamie Dimon recently said the US economy should not count on a soft landing. It is too early to rule out inflation. Unemployment is rising. His opinion may be in the minority,
FedEx shares tumble amid weak demand for pricey priority deliveries
By Shivansh Tiwary (Reuters) -Shares of FedEx slumped 13% on Friday after the parcel giant's dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales away from higher-priced deliveries.
Markets ease after rate-cut rally; FedEx slips 15%
FedEx shares dragged on the market with a drop of 15.2% after its profit and revenue for the latest quarter fell short of analysts' expectations. It said U.S. customers sent fewer packages through priority services,
FedEx Stock Dips: Another Reason to Fear Recession Is Near
FedEx Corporation (NYSE: FDX) is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year.
FedEx shares tumble over 15% on limp demand, delivery trade-down
By Shivansh Tiwary, Lisa Baertlein (Reuters) -Shares of FedEx slumped over 15% 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 quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for ...
Challenging Quarter Show That FedEx's Complex Restructuring Got Messy
On Thursday after market close, FedEx Corporation (NYSE: FDX) issued its first quarter results as it undergoes a significant ...
FedEx Slumps as Lowered Outlook Offers Warning Sign for Economy
FedEx Corp. warned its business would slow in the year ahead and reported a worse-than-expected quarterly profit in an ominous sign about the direction of the US economy.
Insiders Could Have Profited By Holding onto FedEx Shares Despite 11% Drop
FedEx Corporation's (NYSE:FDX) value has fallen 11% in the last week, but insiders who sold US$3.1m worth of stock ...
FedEx stock plummets after earnings miss, lower outlook flashes warning on economy
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 ...
FedEx warns of delays in some Louisiana markets due to Storm Francine
FedEx said on Tuesday pickup and delivery services in some markets of Louisiana could be disrupted by the expected upheaval ...
FedEx's Profit, Revenue Set to Rise in 1Q -- Earnings Preview
FedEx is scheduled to report its fiscal first-quarter results after the bell on Thursday. Here's what you need to know: EARNINGS: The package-shipping company is expected to post per-share earnings of ...
FedEx (NYSE:FDX) Is Experiencing Growth In Returns On Capital
So, FedEx has an ROCE of 9.5%. Even though it's in line with the industry average of 9.5%, it's still a low return by itself.
FedEx Earnings Preview: Ultimately, FedEx Is A Margin And Free Cash Flow Story
When FedEx reports after the close on Thursday, September 19, consensus is expecting revenue of $21.9 billion for the 2nd ...
FedEx worker goes viral after video shows him stopping alleged porch pirate while delivering packages in South Florida
According to ONLY in DADE, the man has been allegedly trying to steal new iPhones being delivered and has been spotted in the ...