Stock market today: Wall Street hovers around records as FedEx slumps
FedEx dragged on the market with a drop of 13.5% after its profit and revenue for the latest quarter fell short of analysts’ expectations. It said U.S. customers sent fewer packages through priority services, while it had to contend with higher wages for workers and other costs. FedEx also cut its forecast for revenue growth for its fiscal year.
Stock Market Today: Stocks Close Out Fed Week on a Quiet Note
Stocks were choppy Friday as market participants took a breather following Thursday's Fed-fueled rally. While buzz continued to swirl around the Federal Reserve's jumbo-sized rate cut from earlier this week, today's headlines centered mostly on single-stock news, including Nike's ( NKE) big C-suite shake-up.
FedEx, Nike, Trump Media, Lennar, and More
Oppenheimer analyst Scott Schneeberger maintained a Hold rating on FedEx (FDX – Research Report) today. The company’s shares closed ...
FedEx came up short on top and bottom lines, and guidance revisions suggest there is more bad news to come in fiscal 2025.
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, ...
Evercore ISI analyst Jonathan Chappell maintained a Buy rating on FedEx (FDX – Research Report) today and set a price target of $318.00.
The prospects of the transportation market appear robust with the upcoming holiday season, infrastructure developments, ...
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Those pressures do not appear to be easing. In its fiscal 2025 first quarter, which ended Aug. 31, FedEx earned $3.60 per ...
FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year ...
Shares of chip makers such as Nvidia and solar stocks rise after the Federal Reserve slashes interest rates, Intel says it ...
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