FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery services.

FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for ...

FedEx attributed the poor results to higher operating expenses, a reduced demand for priority services and a single fewer ...

FedEx (FDX) likely faces a "greater earnings risk" over the long term than previously expected, given the extent of its fiscal first-quarter miss and a potentially steep recovery path, Morgan Stanley ...

FedEx and its competitors are still adapting to a world without as much online shopping, and Subramaniam has had to make ...

Real-time index price for S&P 500 Communication Services [Sector] (SRTS), along with buy or sell indicators, analysis, charts, historical performance, news and more ...

FedEx dragged on the market with a drop of 14.8% after its profit and revenue for the latest quarter fell short of analysts’ ...

Although not typically the founder of a business, a business operator is an individual or entity responsible for managing and ...

Pitney Bowes filed for bankruptcy protection effective next month for its e-commerce division. FedEx is eliminating its FedEx ...

Mixed CPI results show deflationary food and energy prices, easing core goods prices, and sticky core services inflation.

Shares of the company were down nearly 13% in premarket trading, with rival UPS down 2.4%. FedEx, which is seen as a ...