FedEx CEO Cites Slow Economic Growth as Fed Cuts Rates [Yahoo! Finance]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
Check Earnings Report
US:NYSE Investor Relations:
fedex.com/us/investorrelations
Company Research
Source: Yahoo! Finance
The Fed last week reduced its target range for rates by 50 basis points. While a half-a-point cut was on the table, most economists thought a one-quarter point cut was the likely starting reduction. More from Sourcing Journal FedEx Corp., whose logistics platform and courier services often have analysts viewing it as the bellweather for the U.S. economy, on Thursday reported disappointing first quarter earnings results , missing both on adjusted per-share profits and on revenue expectations. FedEx attributed the miss to weakness in freight demand due to lower U.S. domestic priority package volume, as well as freight operating results that also fell because of a decline in weight per shipment. FedEx's president and CEO Raj Subramaniam said during a company conference call that the “industrial economy is weighing on our B2B volume” in the quarter, noting also that the S&P U.S. manufacturing PMI dipped 1.7 points to 47.9, the lowest reading of the year. “To give you some idea,
Show less
Read more
Impact Snapshot
Event Time:
FDX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FDX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FDX alerts
High impacting FedEx Corporation news events
Weekly update
A roundup of the hottest topics
FDX
News
- At US$264, Is FedEx Corporation (NYSE:FDX) Worth Looking At Closely? [Yahoo! Finance]Yahoo! Finance
- FedEx Co. (NYSE: FDX) had its price target lowered by analysts at Loop Capital from $317.00 to $288.00. They now have a "hold" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) was downgraded by analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating.MarketBeat
- FedEx Co. (NYSE: FDX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Why I'm Not Buying The Dip In FedEx Stock [Seeking Alpha]Seeking Alpha
FDX
Earnings
- 9/19/24 - Miss
FDX
Sec Filings
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- FDX's page on the SEC website