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FedEx Stock Plunges After Earnings. Wall Street Says Stick With It, Mostly.
FedEx stock tumbled after the company reported disappointing earnings and turned in weak quarterly results Thursday and suffered a bevy of price target cuts and downgrades from Wall Street as a result.
FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
Insiders Could Have Profited By Holding onto FedEx Shares Despite 11% Drop
FedEx Corporation's (NYSE:FDX) value has fallen 11% in the last week, but insiders who sold US$3.1m worth of stock
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’s earnings miss may be more of a speed bump than a brick wall, analyst says
Analysts see a potential spinoff of FedEx’s freight business as a possible boost, but the stock is dropping sharply
Breaking Down FedEx Earnings, Profit Outlook
Andrew Graham, managing partner at Jackson Square Capital, shares his take on FedEx's latest financial results and its prospects. The Memphis-based company cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
FedEx shares tumble over 15% on limp demand, delivery trade-down
By Shivansh Tiwary, Lisa Baertlein (Reuters) -Shares of FedEx slumped over 15% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
FedEx flags major shift in consumer behavior that’s hurting profits
The shipping carrier is calling out a growing trend that speaks volumes about the current state of the industrial economy.
FedEx Stock Is Down. Earnings Show Why The Fed Cut Rates.
The economy just isn’t helping, and there is a troubling shift happening which shows why the Fed just cut benchmark interest rates. FedEx reported Thursday evening adjusted earn
1h
FedEx worker goes viral after video shows him stopping alleged porch pirate in South Florida while delivering packages
According to ONLY in DADE, the man has been allegedly trying to steal new iPhones being delivered and has been spotted in the ...
3h
Judge orders trial for FedEx driver indicted in Athena Strand murder moved to Tarrant County
Tanner Horner’s attorneys requested his trial be moved out of Wise County, citing “pre-trial publicity.” A judge approved the ...
1d
on MSN
Economic bellwether FedEx blames poor Q1 on darkening outlook for manufacturers
FedEx cites weaker than expected demand from manufacturers with many ditching priority shipping for cheaper options.
1d
Why Did FedEx Stock Fall 13%?
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, ...
4h
on MSN
Powell Industries climbs to top industrial gainer of week, FedEx dips after earnings
The Industrial Select Sector SPDR Fund ETF (XLI) rose +2% for the week ended Sept. 20, while the SPDR S&P 500 Trust ETF (SPY) ...
1d
on MSN
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue
FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.
1d
FedEx Makes Notable Cross Below Critical Moving Average
In trading on Friday, shares of FedEx crossed below their 200 day moving average of $267.52, changing hands as low as $255.40 ...
1d
Why I'm Not Buying The Dip In FedEx Stock
FedEx stock fell 11% after disappointing Q1 earnings and lowered guidance, but the sell-off may have been an overreaction, ...
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