Tag: fedex
Stocks suffer amid recession fears after FedEx withdraws outlook
Transportation stocks suffered this week after FedEx Corporation (NYSE: FDX) reported unimpressive preliminary results for the first quarter of 2023. The cargo giant’s shares were down 24% soon after the […]
The post Stocks suffer amid recession fears after FedEx withdraws outlook first appeared on AlphaStreet.
: FedEx stock tanks after company withdraws outlook, says year is about to get worse
FedEx Corp. stock drops more than 16% Thursday after the logistics company pulled its outlook for the year and called for significantly lower quarterly profit and lower revenue than Wall Street expects.