FedEx shares tumble amid weak demand for pricey priority deliveries
By Shivansh Tiwary (Reuters) -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 Cuts Forecast After Tough Quarter for Deliveries
FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue in 1Q -- Update
FedEx cut its outlook after posting lower profit and revenue in its fiscal first quarter after weaker-than-expected demand, particularly in the U.S. domestic package market, dragged down its results. Shares fell 8% to $300.39 a share in after-hours trading on Thursday. The stock was up 19% this year at market close.
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 priority services.
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’s lower full-year forecast sinks its stock, as customers look to save on deliveries
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on its results.
FedEx shares tumble amid weak demand for priority deliveries
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 Reports Flat Q1 Revenue, Lower EPS
FedEx came up short on top and bottom lines, and guidance revisions suggest there is more bad news to come in fiscal 2025.
FedEx shares fall sharply after missing on revenue and earnings, lowering guidance
CNBC's Fran Holland joins 'Closing Bell Overtime' with FedEx earnings.
FedEx sends a shiver throughout the transportation and logistics sectors with soft guidance
FedEx (NYSE:FDX) slumped in early trading on Friday after the Memphis-based company's downside guidance rattled investors.
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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.