Stock market today: Wall Street hovers around records as FedEx slumps
FedEx dragged on the market with a drop of 13.5% after its profit and revenue for the latest quarter fell short of analysts’ expectations. It said U.S. customers sent fewer packages through priority services, while it had to contend with higher wages for workers and other costs. FedEx also cut its forecast for revenue growth for its fiscal year.
NEW YORK — Wall Street is quieter on Friday ... The Nasdaq composite was 0.3% lower, as of 10:30 a.m. Eastern time.
FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year ...
On Thursday after market close, FedEx Corporation (NYSE: FDX) issued its first quarter results as it undergoes a significant ...
1don MSN
Those pressures do not appear to be easing. In its fiscal 2025 first quarter, which ended Aug. 31, FedEx earned $3.60 per ...
Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow closed ...
1don MSN
Wall Street pointed lower Friday as a rally driven by the Federal Reserve’s big cut to interest rates faded and markets' ...
BMO Capital analyst Fadi Chamoun has maintained their neutral stance on FDX stock, giving a Hold rating yesterday. Fadi Chamoun has given his ...
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback