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 transformation led by CEO Raj Subramaniam. The parcel giant reported a sharp fall in profits due to weak demand for high-margin speedy delivery services and lowered its annual revenue forecast.
FedEx stock fell 11% after disappointing Q1 earnings and lowered guidance, but the sell-off may have been an overreaction, ...
FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year ...
FedEx’s (FDX) fiscal first quarter earnings disappointed Wall Street while cutting its full-year guidance, sending its stock ...
FedEx stock plummets 15% on earnings miss, revised downward guidance. Technical indicators signal deep bear territory, ...
FedEx (FDX) shares plummeted after disappointing guidance, prompting downgrades from Morgan Stanley and Wells Fargo.
The little good news was that cost-cutting measures FedEx has achieved helped offset the revenue and expense pressure.
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 ...
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