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.
Hold rating with short-term gain potential, but long-term investment remains unattractive. Explore more details here.
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 ...
FedEx, which reports fiscal 2025 first-quarter earnings Thursday after markets close, has seen its cost-cutting efforts ...
Oppenheimer analyst Scott Schneeberger maintained a Hold rating on FedEx (FDX – Research Report) today. The company’s shares closed ...
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, ...
FedEx stock was down after the company reported worse-than-expected fiscal first-quarter earnings.The economy just isn’t ...
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