tldrdailynews.com logo

FedEx's Earnings Disappoint, Stock Plummets

1 min read
Source: CNBC
FedEx's Earnings Disappoint, Stock Plummets
Photo: CNBC
TL;DR

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.

Topics:top-newsbusiness#business#fedex#package-delivery#revenue-forecast#sales-decline#stock-market
Share this article
  1. FedEx (FDX) earnings 2Q 2023  CNBC
  2. FedEx cuts full-year revenue forecast, shares sink  Yahoo Finance
  3. FedEx's stock climbs toward a more than 2-year high ahead of earnings  MarketWatch
  4. FedEx falls 7% after warning FY24 revenue will decline; UPS drops as well  Seeking Alpha
  5. FDX Stock: FedEx Fades After Earnings, Revenue Miss Targets  Investor's Business Daily

Want the full story? Read the original reporting

Read on CNBC