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 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 Shares Tumble Amid Weak Demand for Priority Deliveries
(Reuters) - 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. Shares of the company were down nearly 13% in premarket trading, with rival UPS down 2.4%.
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’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 fall sharply after missing on revenue and earnings, lowering guidance
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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.
Why Q1 was a 'challenging quarter' for FedEx and what's next for the logistics giant
FedEx attributed the poor results to higher operating expenses, a reduced demand for priority services and a single fewer ...
Memphis officers who beat Tyre Nichols faced no threat, one testifies
Former Memphis officer Emmitt Martin III testified that he and his fellow officers lied about the fatal police beating of ...
FedEx: Fiscal Q1 Earnings Snapshot
MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Thursday reported fiscal first-quarter net income of $794 million. On a per-share basis, the Memphis, Tennessee-based company said it ...
Fedex Headquarters Giving: Promoting Equal Opportunity And Economic Growth In Memphis
Leadership Memphis/Volunteer Memphis recognized FedEx for our commitment to volunteerism and to making a positive impact in ...
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FedEx has a new way to help customers pick, pack, sort returns
FedEx processes hundreds of millions of returned items a year, a complicated dance, said the director of University of Memphis’ automated identification lab.
FedEx Reports First Quarter Diluted EPS of $3.21 and Adjusted Diluted EPS of $3.60
FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the item listed below): ...
Memphis Grizzlies announce Robinhood Markets as team's new jersey patch partner
The Memphis Grizzlies will have their first jersey patch partner since 2021 after agreeing to a multi-year deal with ...
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.