FedEx Posts Disappointing Q1 Results; Revises Fiscal 2025 Outlook
Weak demand for premium services in the U.S. hurt FedEx Corp.’s first-quarter results. The weakness in freight demand isn’t new, and last month the Memphis, Tenn.-based logistics firm said it would reduce headcount across FedEx’s back-office and commercial teams by 1,700 to 2,000 employees.
FedEx cites weaker than expected demand from manufacturers with many ditching priority shipping for cheaper options.
Hold rating with short-term gain potential, but long-term investment remains unattractive. Explore more details here.
FedEx also saw its adjusted operating margin expand by 40 bps to 8.5% in Q4’24. This clubbed with a 2% decline in average ...
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.
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, ...
FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year ...
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