Market Analysis
FedEx Stock Hits 52-Week Low Amid 3rd Consecutive Forecast Revision
FedEx has revised its financial forecasts downward due to inflation, uncertain demand, and economic challenges.
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XLM$0.1907-0.36%
BTC$62,475.00+0.38%
ETH$1,663.26+0.83%
USDT$0.9987-0.02%
USDC$0.9997-0.01%
XRP$1.09-1.41%
SOL$69.08+0.63%
TRX$0.3312+0.66%
FIGR_HELOC$1.03-0.15%
HYPE$62.30+0.01%
DOGE$0.0786-0.38%
USDS$0.9995-0.02%
RAIN$0.0159+0.82%
LEO$9.52-0.54%
ZEC$412.83-1.59%
XLM$0.1907-0.36%
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…
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