FedEx (FDX) shared fiscal first-quarter results yesterday after the market closed, but it was the lowered guidance that really sent ripples through the market. The stock is down 14% so far Friday. Here’s how the company performed in Q1: Earnings: $3.60 per share compared to the consensus of $4.75 per share. Revenue: $21.6 billion [...]
It had been a tough past few months for FedEX (FDX) investors, who watched their positions plummet 14%. But shares have recovered all that and more today after the delivery company released positive 4th quarter results for fiscal 2024. Earnings came in at $5.94 per share, which was ahead of the analyst expectation of [...]
The United Parcel Service Inc. (UPS) delivered its first quarter earnings yesterday in which the top line fell short of expectations despite beating the bottom line consensus. The stock had been rallying leading into the news but has fallen around 3% so far today. Revenue fell to $21.71 billion, representing a 5.3% drop year [...]
United Parcel Service, or UPS (UPS), will officially replace FedEx as the United States Postal Service’s primary air cargo provider. This comes after FedEx and USPS failed to agree on new contract terms, which were set to expire later this year on September 29th. FedEx wanted to negotiate a better deal, and ultimately, ended [...]
FedEx (FDX) is ending the week with a bang. The stock is up more than 8% Friday morning after the company beat the expectations for third-quarter earnings and announced a massive stock buyback program. The company did disappoint in revenue, with a 2% slip year over year to $21.7 billion. However, the bottom line [...]
In a crushing quarter 2 report released yesterday, FedEx (FDX) cut its full-year revenue to $22.2 billion in 2024 from $22.8 billion in 2023. The report caused FedEx to fall 9.8% in the stocks, ruining months of gains. Despite the market’s adverse reaction, nobody can blame a company for cutting costs during high interest [...]
