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 stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year ...

FedEx, seen as a global trade barometer, lost over $11 billion in market value. Its earnings report dragged down shares in ...

Lennar stock is lower Friday as worries over gross margin estimates offset a fiscal Q3 beat. Here's what you need to know.

By Shivansh Tiwary (Reuters) -Shares of FedEx slumped 13% on Friday after the parcel giant's dismal first-quarter results, in ...