FedEx shares tumble 16% on limp demand, delivery trade-down
By Shivansh Tiwary and Lisa Baertlein (Reuters) -Shares of FedEx slumped almost 16% 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 shares tumble over 15% on limp demand, delivery trade-down
FedEx, seen as a global trade barometer, lost over $11 billion in market value. Its earnings report dragged down shares in rivals United Parcel Service and DHL, which are also grappling with sluggish demand and an overhead cost hangover from the early pandemic's ecommerce boom.
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 shares tumble amid weak demand for pricey priority deliveries
By Shivansh Tiwary (Reuters) -Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales from higher-priced deliveries.
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 per share.
FedEx Stock Falls After Shipper Slashes Full-Year Outlook
Key Takeaways FedEx lowered its revenue and earnings outlook for fiscal 2025.The company's fiscal first-quarter results missed analysts' expectations on the top and bottom lines amid weaker demand for its priority shipping services.
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 Stock: Price-Target Cuts Roll In After Big Earnings Miss
FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year ...
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.
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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 ...
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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 ...
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FedEx driver robbed, tied up and left in truck in Edison in sophisticated heist
The 35-year-old victim was eventually able to free himself from the zip ties and call police on his Apple Watch.
FedEx driver robbed of contents of delivery truck at gunpoint
The FedEx driver was forced to drive to a waiting box truck and transfer the packages before being left tied up.
New Jersey FedEx driver tied up, robbed of packages at gunpoint
A New Jersey FedEx driver was tied up and robbed at gunpoint by three men with a box truck waiting to haul off the packages they stole.
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FedEx truck driver gets zip-tied in coordinated robbery in Edison, NJ
The driver of a FedEx tractor trailer was held up by two men after making a pickup in an Edison industrial park who ordered ...
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How FedEx's Damaged Shipments Are Supporting Local Nonprofits
What happens to all the items that are damaged in shipping and returned to FedEx? A lot of them end up at nonprofits like this one, Mid-Del group homes.
Police searching for suspects who robbed FedEx driver at gunpoint in Edison
Police are continuing their investigation into the hijacking of a FedEx driver at gunpoint Thursday night. Police say the driver, a 35-year-old man from Elizabeth, was switching trailers at a Greek ...
Stock market today: Wall Street drifts near its records as FedEx slumps and Nike sprints higher
Wall Street is quieter on Friday, and U.S. stocks are drifting after they leaped to records the day before during a worldwide rally. The S&P 500 was 0.1% lower in early trading but still on track for ...