FedEx Shares Slump on Missed FQ1, Lowered FY25 Guidance
Thursday, 19 September 2024, 20:30
FedEx Misses FQ1 Expectations
FedEx (FDX) reported disappointing financial results for the first quarter, moving stock prices lower as investors reacted to the news. The company fell short of earnings expectations, raising concerns about its future performance.
Lowered FY25 Guidance
In addition to FQ1 losses, FedEx lowered its FY25 guidance significantly, indicating potential challenges ahead. Analysts are now cautious about FedEx's growth forecasts as market conditions continue to complicate operations.
- Headline: FedEx misses earnings estimates
- Impact: Stock falls
- Future outlook: More uncertainty
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