FedEx Corp (NYSE: FDX) tanked as much as 15% on Friday after reporting a steep decline in quarterly profit that missed Street estimates. The logistics company also lowered its full-year earnings guidance from $21 a share to $20.
JPMorgan's (NYSE: JPM) famous CEO Jamie Dimon recently said the US economy should not count on a soft landing.
Though Q3 expectations have been revised lower, the expectation overall is for an accelerating growth trend over the coming periods.
Major U.S. equities indexes were mixed on the final day of a trading week that saw the financial headlines dominated by the latest Federal Reserve policy meeting.
FDX's first-quarter fiscal 2025 earnings and revenues decline year over year.
FedEx (FDX) shares plunged 15% Friday, a day after the package delivery giant missed quarterly estimates and reduced its forecast as it faced what Chief Executive Officer (CEO) Rajesh Subramaniam called a "challenging Q1 demand environment," especially in the U.S.
FedEx Corp FDX has hit a rough patch, with its recent quarterly results leaving investors concerned. The stock plummeted over 15% during midday trading on Friday on the earnings news, wiping out gains made during this past quarter.
Shares of FedEx Corp FDX tanked climbing in early trading on Friday, after the company reported downbeat results for its fiscal first quarter.
FedEx missed quarterly estimates and lowered its full-year guidance. Demand was weaker than expected for business-to-business shipping, which is its most profitable segment.
FedEx Corporation NYSE: FDX is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year.
FedEx's Q1 2025 results show revenue down YoY, earnings drop, and a muted FY 2025 outlook, supporting my Hold rating with short-term gain potential. Headwinds include inflation, high interest rates, USPS contract expiration reducing flight hours, and $4 billion in expenditure cuts needed, impacting volumes and earnings. Despite a healthy balance sheet and recent short-term market outperformance, a long-term investment in FDX remains unattractive due to multiple headwinds and historical underperformance.
Fed's Aggressive Half-Point Cut Signals Caution Amid Economic Uncertainty