FedEx Posts Disappointing Q1 Results; Revises Fiscal 2025 Outlook
Weak demand for premium services in the U.S. hurt FedEx Corp.’s first-quarter results. The weakness in freight demand isn’t new, and last month the Memphis, Tenn.-based logistics firm said it would reduce headcount across FedEx’s back-office and commercial teams by 1,700 to 2,000 employees.
FedEx cites weaker than expected demand from manufacturers with many ditching priority shipping for cheaper options.
FedEx (NYSE:FDX) shares continue to lose ground as disappointing fiscal Q1 results coupled with downbeat guidance drives ...
Key Takeaways FedEx shares plunged 15% Friday, a day after the package delivery giant missed quarterly estimates and reduced ...
FedEx also saw its adjusted operating margin expand by 40 bps to 8.5% in Q4’24. This clubbed with a 2% decline in average ...
Hold rating with short-term gain potential, but long-term investment remains unattractive. Explore more details here.
FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year ...
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback