Big earnings miss at FedEx sends shares lower in pre-market
Investors often look to logistics giant FedEx (FDX:NYSE) for clues on the state of the US and global economy and the latest health check is not encouraging.
The company missed first quarter Wall Street earnings by a wide margin and lowered fiscal 2025 profit guidance, sending its shares down 12% in pre-market trading.
The news sent shares in rival United Parcel Service (UPS:NYSE) down 2.4%, whi...