FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue in 1Q -- Update
FedEx cut its outlook after posting lower profit and revenue in its fiscal first quarter after weaker-than-expected demand, particularly in the U.S. domestic package market, dragged down its results. Shares fell 8% to $300.39 a share in after-hours trading on Thursday. The stock was up 19% this year at market close.
FedEx attributed the poor results to higher operating expenses, a reduced demand for priority services and a single fewer ...
The little good news was that cost-cutting measures FedEx has achieved helped offset the revenue and expense pressure.
Former Memphis officer Emmitt Martin III testified that he and his fellow officers lied about the fatal police beating of ...
MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Thursday reported fiscal first-quarter net income of $794 million. On a per-share basis, the Memphis, Tennessee-based company said it ...
Leadership Memphis/Volunteer Memphis recognized FedEx for our commitment to volunteerism and to making a positive impact in ...
FedEx is scheduled to report its fiscal first-quarter results after the bell on Thursday. Here's what you need to know: EARNINGS: The package-shipping company is expected to post per-share earnings of ...
FedEx processes hundreds of millions of returned items a year, a complicated dance, said the director of University of Memphis’ automated identification lab.
The Memphis Grizzlies will have their first jersey patch partner since 2021 after agreeing to a multi-year deal with ...
FedEx is undergoing a significant transformation under CEO Raj Subramaniam, aiming to cut costs. Read why I upgrade FDX stock ...
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