FedEx's Earnings Disappoint, Stock Plummets
TL;DR Summary
FedEx shares dropped 8% in after-hours trading after the company revised its revenue forecast due to weaker demand, expecting a low-single-digit decline in revenue for the fiscal year. This is the second consecutive quarter that FedEx has lowered its sales outlook.
- FedEx (FDX) earnings 2Q 2023 CNBC
- FedEx cuts full-year revenue forecast, shares sink Yahoo Finance
- FedEx's stock climbs toward a more than 2-year high ahead of earnings MarketWatch
- FedEx falls 7% after warning FY24 revenue will decline; UPS drops as well Seeking Alpha
- FDX Stock: FedEx Fades After Earnings, Revenue Miss Targets Investor's Business Daily
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