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 shares tumble over 15% on limp demand, delivery trade-down
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.
Markets ease after rate-cut rally; FedEx slips 15%
The S&P 500 slipped 0.2% from its record, and the Nasdaq composite fell 0.4%. The Dow Jones Industrial Average, meanwhile, added 38 points, or 0.1%, to its all-time high.
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
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.
Fedex stock plummets after earnings miss, lower outlook flashes warning on economy
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 versus its prior range of $20 to $22. That sent shares tumbling nearly 15%.
Is There Mail on Labor Day? Post Office, UPS, FedEx Open Hours
Traditional Banks: Learn the Differences Some services, like ordering stamps or printing shipping labels ... Some people ...
Orange County Register26d
Police turn FedEx hub into cash harvesting center
Police routinely detain and open boxes in Indianapolis, where FedEx operates its second-largest hub. When local agencies find cash, they keep it permanently through civil forfeiture, a law ...
CBSSports.com20d
FedEx Cup earnings: How much each golfer in 2024 Tour Championship field has made in his career
With the FedEx Cup Playoffs collectively shelling out $100 million in bonuses, players will vie for their slice of the nearly $83 million prize pool with $25 million going to the eventual winner ...
USA Today22d
Are banks, post offices, UPS and FedEx open on Labor Day? Here's what to know
2, according to the company's website. FedEx Office hours will also be modified, so it is best to check with your local store for their specific hours. FedEx Custom Critical, however, is ...
AOL10d
East Bridgewater iPhone thief followed FedEx truck, police say. How to get yours safely
What happened? Through the subsequent investigation, police said they determined the suspect, a 38-year-old man from Dorchester, had allegedly been following a FedEx truck that was making ...
Sporting News25d
FedEx Cup playoffs, explained: Updated standings, points format & more to know about golf's 2024 championship
There are only three competitions left to determine this season's FedEx Cup champion, with a trio of tournaments making up the FedEx Cup playoffs. The playoffs in golf aren't like other sports.