FedEx drops on forecast cut
Shares of FedEx dropped Wednesday morning after the package delivery company slashed its profit forecast for the second time in three months. As Fred Katayama reports, several Wall Street analysts cut their price targets......»»
Wall Street builds on record-setting rally; FedEx drops
The S&P 500 inched to an all-time high on Wednesday, extending a record-setting run as optimism about global economic growth strengthens, limited somewhat by a steep drop in FedEx shares......»»
FedEx shares dive 10% after profit warning; analysts see worse coming
FedEx Corp shares tumbled more than 10% on Wednesday after the company slashed its 2020 profit forecast a second time, as it revamps its business to replace slumping air shipments with lower-profit residential deliveries......»»
Wall Street hovers at record highs; FedEx sinks
The S&P 500 and Nasdaq extended a record rally on Wednesday, even as FedEx limited gains after cutting its annual profit forecast for the second time this year......»»
FedEx shares fall as outlook cut spooks investors
Shares of FedEx Corp fell nearly 10% on Wednesday after the world's largest packaging company cut its 2020 profit forecast for the second time as it spends heavily to expand its online delivery business and battles slowing global trade......»»
Wall Street opens flat as record-setting rally runs out of steam
U.S. stocks opened largely flat on Wednesday as markets took a breather from a record-setting spree, while FedEx plunged after it cut its annual profit forecast for the second time this year......»»
Futures pause after Wall Street"s record run; FedEx sinks
U.S. stock index futures were flat on Wednesday as investors paused after Wall Street's record-setting spree, while FedEx eyed its worst day since September after cutting its annual profit forecast for the second time this year......»»
Asia Markets: Asian shares slide on weak Japan data; Hang Seng drops 2%
Japan reported Friday that its factory output fell 4.2% in October, much worse than forecast and the biggest month-on-month drop since January 2018.....»»
Wall Street drops as Cisco"s dour outlook weighs
U.S. stocks slipped on Thursday, weighed down by technology shares after Cisco's dour forecast raised worries of a global economic slowdown and overshadowed strong results from big box retailer Walmart......»»
Caterpillar stock drops after company cuts forecast
Shares in Caterpillar, seen as a bellwether for American trade, are underperforming the broader market this year as global trade tensions continue to weigh......»»
Stocks slip as Fed decision looms, FedEx drops on weak outlook
Stocks opened slightly lower on Wednesday as a key policy decision from the Federal Reserve loomed......»»
Goldman keeps FedEx at Conviction Buy, drops target to $185 from $197
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
FedEx says new FY20 EPS forecast assumes no further weakening in economic growth
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
FedEx drops 8% after company lowers outlook on trade tensions
FedEx shares down 8% after company’s earnings miss, lowered outlook on trade tensions......»»
Kroger drops 6.4% after not reconfirming 3-year operating profit forecast
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Aurora Cannabis stock drops after earnings, as pot sales miss revised target
Aurora Cannabis Inc. shares declined nearly 10% in the extended session Wednesday after the pot company missed revenue expectations even after trimming its forecast......»»
Aurora Cannabis stock drops after earnings, as revenue misses revised target
Aurora Cannabis Inc. shares declined in the extended session Wednesday after the pot company missed revenue expectations even after dropping its forecast......»»
Aurora Cannabis stock drops after earnings miss
Aurora Cannabis Inc. shares declined in the extended session Wednesday after the pot company missed revenue expectations even after dropping its forecast......»»
Starbucks drops 3.5% in pre-market after weaker than expected FY20 forecast
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Cisco stock drops after earnings include weak guidance
Cisco Systems Inc. shares dipped 7% in after-hours trading Wednesday after a disappointing forecast that could be related to weakness in China and tech-spending concerns that the networking giant has so far managed to avoid......»»