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.
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, ...
Stocks were modestly lower Friday, a day after the Dow Jones Industrial Average and S&P 500 closed at record highs following ...
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Those pressures do not appear to be easing. In its fiscal 2025 first quarter, which ended Aug. 31, FedEx earned $3.60 per ...
The prospects of the transportation market appear robust with the upcoming holiday season, infrastructure developments, ...
Evercore ISI analyst Jonathan Chappell maintained a Buy rating on FedEx (FDX – Research Report) today and set a price target of $318.00.
Brief Hosts Seana Smith and Brad Smith check in on some of the stocks moving most in Friday morning's extended-hours trading.
U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note ...
Oppenheimer analyst Scott Schneeberger maintained a Hold rating on FedEx (FDX – Research Report) today. The company’s shares closed ...
Alliance Entertainment Holding swung to a profit in the fourth quarter despite a drop in revenue. The company, a global distributor and wholesaler of music, movies and video games, reported per-share ...
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