FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery services.

FedEx (FDX) shares plummeted after disappointing guidance, prompting downgrades from Morgan Stanley and Wells Fargo.

After hours: September 27 at 7:54 PM EDT Loading Chart for FDX ...

About FedEx Corp. FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $88 billion, ...

Parcel and cargo delivery company FedEx (NYSE:FDX) fell short of the market’s revenue expectations in Q3 CY2024 with sales ...

FedEx (FDX) likely faces a "greater earnings risk" over the long term than previously expected, given the extent of its fiscal first-quarter miss and a potentially steep recovery path, Morgan Stanley ...

Financial services firm Stifel is one of those that lowered its price rating on FedEx after earnings, to $321 from $327, while maintaining its Buy rating on the large-cap stock. "Secular ...

(Reuters) -FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority ...