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FedEx reports drop in quarterly earnings
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.
FedEx Quarterly Profit Disappoints as Demand for Speedy Delivery Wanes
(Reuters) - FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for priority services. The company reported first-quarter earnings of $3.60 per share, compared with $4.55 per share a year earlier.
FedEx reports drop in quarterly earnings on lower demand for priority services
FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority services. The company's shares fell about 11% to $268.
Stock market, Dow and Fed
Shipping Giants FedEx, UPS Stocks Slip Friday: What's Going On?
Shipping giants FedEx and UPS shares are trading lower Friday after FedEx reported worse-than-expected quarterly results and cut its fiscal-year guidance on Thursday. Here's what to know:
Stock Market Today: Nasdaq Futures Slip; FedEx Stock Sinks
Follow along for live updates on stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Stock Market News: Dow Futures Slip
Futures for the Dow Jones Industrial Average slipped 18 points, effectively trading flat, and S&P 500 futures ticked down 0.1%. Both gauges had rallied to new highs on Thursday as
2d
on MSN
FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Analysts expect the company to report quarterly earnings at $4.83 per share, up from $4.55 per share in the year-ago period.
thetimesherald
1d
FedEx shipping center in Port Huron Twp. to close Sept. 28
FedEx will be closing its Port Huron Township Ship Center effective Saturday, Sept. 28. Austin Kemker, communications ...
14h
Man charged after shooting at a FedEx delivery van
A man has been charged with attempted second-degree homicide after he shot into an occupied FedEx vehicle on Thursday.
20h
on MSN
OCSO: One arrested after firing shots into an occupied FedEx delivery truck
The Okaloosa County Sheriff’s Office has arrested a man after firing shots into an occupied FedEx delivery truck in Cinco ...
FOX10 News on MSN
20h
Driver ducks to avoid bullets fired at FedEx truck, Okaloosa County SO says
OKALOOSA COUNTY, Fla. (WALA) - The Okaloosa County Sheriff’s Office said it has arrested a man after he allegedly fired two ...
Iola Register
9d
Commissioners advocate for sales tax proposal
Commissioners continued to discuss promotion of a half-cent sales tax that will be on the Nov. 5 ballot. Allen County ...
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