Investors will be looking at a mixed array of corporate financial reports in the upcoming week, starting with XPeng, Tencent Music and Xiaomi earnings on Tuesday.Tencent will report its fourth-quarter earnings on Wednesday. The company's revenue in the third quarter of fiscal 2024 stood at 167.2...
A FedEx cargo plane made an emergency landing at Newark Liberty International Airport on Saturday after a bird strike caused an engine fire, Fox News reported, citing an airport official.
Footage released on social media showed the plane veering right as smoke and flames emerged from its...
United States President Donald Trump is set to hold a meeting with leaders of US Steel Corporation and FedEx Corporation today, ABC News reported on Thursday citing sources briefed on the matter.Trump's predecessor, Joe Biden, blocked the $14.9 billion agreement between US Steel and Nippon...
FedEx Corp. announced on Thursday that its revenue in the second quarter of its fiscal 2025 amounted to $22.0 billion, falling 1% compared to the same period a year earlier and standing below analysts' estimates.GAAP diluted earnings per share dipped 14.6% year on year in the second trimester...
The week ahead will have investors looking at Birkenstock's fourth-quarter results on Wednesday before moving on to a busy Thursday.
Both FedEx and Nike are set to report their second-quarter results on Thursday. Nike's revenues in the first quarter of its fiscal 2025 landed at $11.6 billion, tumbling...
FedEx Corp. shares sank over 14% on Thursday in after-hours trading in New York following the publication of its latest earnings report. In the latest report, the company had to revise its fiscal 2025 earnings forecast, citing weaker-than-expected demand.The company now expects revenue growth...
FedEx Corp. announced on Thursday that its revenue in the first quarter of fiscal 2025 stood at $21.6 billion, falling 0.47% compared to the same period a year prior. The figure fell short of analysts' expectations. According to the report, the company achieved a net income of $790 million, while its...
FedEx Corp. announced its international service to and from Israel has been reinstated, as well as its Priority inbound and outbound service in Ukraine. "Pick-up and delivery services will be performed according to local authority instructions, where it is safe and possible," the company said.
Meanwhile,...
FedEx Corp.'s shares popped over 13% in Wednesday's premarket session as investors continued to digest the company's reduction of $1.8 billion in structural costs for fiscal year 2024.
The company also revealed that its revenue for the quarter was $22.1 billion, above the $22.07 billion expected....
FedEx Corp. announced on Tuesday that its fourth quarter of fiscal 2024 revenue rose to $22.1 billion from $21.9 billion last year.According to the report, the company achieved a net income of $1.47 billion, with a diluted EPS of $5.94 for the quarter that ended May 31. For the full fiscal year,...
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