Why Did FedEx Stock Fall 13%?
FedEx(FDX) Forbes·2024-09-20 20:11
FedEx truck is seen in New York City, United States on July 16, 2024. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesFedEx stock (NYSE: FDX) saw a 13% fall in after-market hours on Thursday, September 19, after it reported Q1’25 results (fiscal ends in May) far worse than the street estimates. FDX stock is up 7% year-to-date, compared to -15% returns for its peer – UPS stock. FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our ...