After a week of firsts, Nike, FedEx and Micron Technology are leading the stock market through the last week to midyear.
FedEx (NYSE: FDX) is scheduled to report its fiscal Q4 2024 results on Tuesday, June 25 (FedEx's fiscal ends in May). We expect FDX stock to trade higher post the Q4 announcement, with its revenue and earnings expected to be above the street estimates.
Revenue weakness due to lower demand is likely to hurt FedEx's (FDX) Q4 results.
Evaluate the expected performance of FedEx (FDX) for the quarter ended May 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
FedEx (FDX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FedEx (FDX) closed at $250.06 in the latest trading session, marking a +1.47% move from the prior day.
FedEx (NYSE: FDX ) layoffs are coming for employees in Europe as weak demand has the delivery company cutting thousands of jobs overseas. FedEx is going to be cutting between 1,700 and 2,000 jobs in Europe.
FedEx Corp. FDX, -0.51% said Wednesday it's reducing its work force by 1,700 to 2,000 employees at a cost $250 million to $375 million. The Memphis-based package delivery giant expects to save $125 million and $175 million on an annual starting in fiscal 2027.
FedEx is planning to cut between 1,700 and 2,000 back-office jobs in Europe, it said in a filing on Wednesday, as the parcel delivery company struggles with weak freight demand.
FedEx (FDX) concluded the recent trading session at $252.43, signifying a -0.51% move from its prior day's close.
FedEx (FDX) has a solid dividend growth track record over the past five years.
FedEx Corp. announced Monday a 9.5% increase in its quarterly dividend, which has now more than doubled in three years.