FedEx Corp. lowered its full-year guidance for a third consecutive quarter as inflation and uncertain demand for shipments squeeze the parcel company’s bottom line.
Wall Street was expecting a weaker outlook from FedEx, but the package-handling giant delivered an even more disappointing view late Thursday, as it signaled headwinds posed by economic uncertainty.
FedEx stock tumbled after it slashed guidance for the full year. Its CFO said the revised outlook reflects "uncertainty in ...
FedEx cuts its profit outlook for the third time in a row, thanks to “continued weakness and uncertainty in the U.S.
"Our revised earnings outlook reflects continued weakness and uncertainty in the U.S. industrial economy, which is constraining demand for our business-to-business services," FedEx chief financial ...
FedEx shares sank Friday as several analysts dropped their price targets for the shipping giant's stock after the company ...
FedEx FDX0.10%increase; green up pointing triangle cut its outlook for the year ... weakness and uncertainty in America’s industrial economy. A challenging economic backdrop, plagued by ...
FedEx Corp. shares fell after the parcel ... because of its exposure to a broad swath of the global economy, said its latest outlook assumes the global economic, political and trade environment ...
(Bloomberg) -- FedEx Corp. shares tumbled after the ... because of its exposure to a broad swath of the global economy, said its latest outlook assumes the global economic, political and trade ...