FedEx Corp. on Tuesday forecast a fiscal first-quarter per-share profit that came in shy of Wall Street’s expectations, sending shares of the package-delivery giant lower in after-hours trade.

FedEx said the decision was made on March 29, after extensive discussions with the U.S. Postal Service. The company issued the following statement on Monday: ...

FedEx Corp said on Tuesday it would increase shipping rates and customs clearance service fees on imports from Jan. 1, 2024 as the parcel delivery company aims to boost its profitability.

FedEx tightens 2024 profit forecast on cost cuts, shares jump 13% By Lisa Baertlein and Aishwarya Jain March 21, 20244:40 PM PDTUpdated March 21, 2024 ...

Express margins missed our profitability forecast (and likely buy-side expectations), declining year over year and sequentially to a paltry 1.7%.

For FedEx, the expiration would negatively affect profitability for a company that is undergoing plenty of cost cuts of its own in an effort to save $4 billion in costs by 2025.

We consider FedEx's balance sheet to be healthy and manageable. Total debt approached $20.6 billion as of fiscal year-end 2023, which ended May, similar to levels posted in fiscal 2021 and fiscal ...

It’s difficult to figure out private courier FedEx (FDX), especially following the election of Donald Trump to a second term. Therefore, I am Neutral on FDX stock in terms of sentiment. However ...