Weak demand for premium services in the U.S. hurt FedEx Corp.’s first-quarter results. The weakness in freight demand isn’t ...
FedEx (FDX) shares plummeted after disappointing guidance, prompting downgrades from Morgan Stanley and Wells Fargo.
FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for ...
Our work is focused on helping more Memphians have an equal chance to participate in our city’s education system and ...
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 ...
It’s finally Friday, and that means it’s time to take a look at several events happening across the greater Memphis area this ...
FedEx reported drops in operating income and revenue during its first quarter of Fiscal Year 2025. In the Memphis-based ...
By Shivansh Tiwary (Reuters) -Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal ...
(Reuters) - FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp ...
The Memphis Grizzlies will have their first jersey patch partner since 2021 after agreeing to a multi-year deal with ...
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FedEx quarterly profit drops
Shares in the Memphis-based delivery giant tumbled almost 11 percent to $267.74 in after-hours trading, dragging shares in rival United Parcel Service down 2.5 percent.
FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.