FedEx Shares Plunge in Premarket as Firm Pulls Annual Outlook
FedEx shares drop in premarket after the company beats Q4 earnings but pulls annual outlook and provides weak Q1 guidance amid trade uncertainties.
BTC$62,423.00-0.16%
ETH$1,660.95+0.09%
USDT$0.99870.00%
USDC$0.9998+0.01%
XRP$1.09-2.08%
SOL$68.95-0.35%
TRX$0.3309+0.49%
FIGR_HELOC$1.03-0.15%
HYPE$61.92-1.53%
DOGE$0.0783-1.44%
USDS$0.9995-0.01%
RAIN$0.016+1.42%
LEO$9.54+0.12%
ZEC$412.09-2.99%
XLM$0.1902-1.48%
BTC$62,423.00-0.16%
ETH$1,660.95+0.09%
USDT$0.99870.00%
USDC$0.9998+0.01%
XRP$1.09-2.08%
SOL$68.95-0.35%
TRX$0.3309+0.49%
FIGR_HELOC$1.03-0.15%
HYPE$61.92-1.53%
DOGE$0.0783-1.44%
USDS$0.9995-0.01%
RAIN$0.016+1.42%
LEO$9.54+0.12%
ZEC$412.09-2.99%
XLM$0.1902-1.48%
FedEx shares rose over 4% in premarket after Q1 results beat expectations, with cost-cutting boosting margins.
FedEx shares drop in premarket after the company beats Q4 earnings but pulls annual outlook and provides weak Q1 guidance amid trade uncertainties.
FedEx has revised its financial forecasts downward due to inflation, uncertain demand, and economic challenges.
FedEx's decision to spin off its freight truckload segment aims to enhance focus on core operations and unlock substantial value.
FedEx stock surged over 14% in pre-market trading following the release of its fourth-quarter and full-year fiscal 2024 results, which showed improved profitability despite slightly lower…
FedEx reported a challenging second quarter in 2024, with adjusted EPS falling short of expectations.