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FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery services.

Analysts expect the company to report quarterly earnings at $4.83 per share, up from $4.55 per share in the year-ago period.

After a disappointing Q1 earnings report, the company’s leaders have trimmed their guidance for FedEx’s fiscal year.

Analyst David Vernon of Bernstein maintained a Buy rating on FedEx (FDX – Research Report), with a price target of $337.00. David Vernon ...

Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what ...

FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy. The company ...