FedEx shares tumble amid weak demand for priority deliveries
Shares of the company were down nearly 13% in premarket trading, with rival UPS down 2.4%. FedEx, which is seen as a bellwether for worldwide economic trade, attributed the fall in its profits to waning demand for priority shipments between businesses as customers try to curb expenses.
FedEx admits first quarter tougher than expected in disappointing earnings report
The little good news was that cost-cutting measures FedEx has achieved helped offset the revenue and expense pressure.
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 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.
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):
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’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 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 shares fall sharply after missing on revenue and earnings, lowering guidance
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FedEx First-Quarter Results Unexpectedly Fall Amid Demand Headwinds, Cuts Full-Year Outlook
FedEx's (FDX) fiscal first-quarter results unexpectedly declined year-over-year as the parcel delivery company grappled with weak demand trends. Adjusted per-share earnings declined to $3.60 in the three months ended Aug.
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 ...
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 ...
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 ...
'Hush Y'all': Who is responsible for one of Memphis' stamps on FedEx St. Jude Championship?
With the return of the FedEx St. Jude Championship, one of the most visible stamps that makes it so uniquely Memphis will ...
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 Corporation: FedEx Headquarters Giving: Promoting Equal Opportunity and Economic Growth in Memphis
NORTHAMPTON, MA / ACCESSWIRE / September 17, 2024 / FedEx CorporationOriginally published in FedEx's 2023 FedEx Cares ReportOur opportunity$96b Greater Memphis GDP is $96b and growing faster than much ...
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FedEx Stock Skids, Set To Snap Support As Q1 Results Disappoint
A disappointing quarter sent FedEx stock down hard in late trade. Shares threatened to erase much of their year-to-date gain.