FedEx announced preliminary fiscal first quarter results that were well below expectations. Shares are down.
The stock market suffered big losses after Tuesday's hot inflation report signaled the Fed will be hiking rates aggressively for longer. The post Stock Market Tumbles As Hot Inflation Enflames Fed Fea
Shares of United Parcel Service Inc. UPS, -3.12% dropped 6.7% in premarket trading toward a three month low, weighed down by rival package deliver FedEx Corp.'s FDX, -0.07% profit and revenue warning,
FedEx delivered a definitely gloomy and possibly foreboding set of earnings.

Is FedEx Stock Bottoming Out?

06:30am, Friday, 16'th Sep 2022
FedEx stock (NYSE: FDX) is down 21% this year, compared to a 17% fall for the broader S&P500 index.
The air delivery and shipping company warned that shipping volumes were declining due to an economic downturn.

Futures fall on FedEx warning, recession fears

05:11am, Friday, 16'th Sep 2022
U.S. stock index futures slipped on Friday, extending falls from overnight, after logistics industry bellwether FedEx withdrew its financial forecast and recession warnings from the World Bank and the
A profit warning from FedEx was ringing alarm bells for Wall Street and beyond on Friday, with shares of the economic bellwether slumping as analysts piled on downgrades and price target cuts.
Shares of European delivery firms skidded Friday morning after a profit warning from FedEx FDX, -0.07% . Royal Mail RMG, -11.52% shares skidded 10% in London, while DHL owner Deutsche Post DPW, -6.95%
FedEx shares plunged after the company reported that it was closing some stores, offices and scheduling fewer flights in cost saving measures.
FedEx Corp has pulled the full-year financial guidance it issued just three months ago after forecasting below-forecast first-quarter revenue and profit as a global demand slowdown accelerates. Share

FedEx closing stores, offices, delaying hires

01:44am, Friday, 16'th Sep 2022
FedEx is cutting back. The delivery giant said it is closing some stores and offices and also delaying hiring new employees due to a decline in its package delivery business.

FedEx (FDX) Stock: Why It Fell 16.58% After Hours

11:11pm, Thursday, 15'th Sep 2022
The stock price of FedEx Corp. (NYSE: FDX) fell by 16.58% after hours today. This is why.
FedEx is closing offices and parking aircrafts to deal with revenue for the quarter that was below expectations, The Wall Street Journal (WSJ) reported. The closures will help it deal with the declini
CNBC's Jim Cramer offered his thoughts on FedEx's earnings announcement and what it means for the economy on Thursday's episode of "Mad Money."
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