Cost cuts lifted FedEx's stock after its past two earnings reports. The third time wasn't a charm. msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) FedEx Corp. gave a 2024 profit outlook below analyst expectations as a drop in package demand offsets Chief Executive Officer Raj Subramaniam’s $4 billion cost-cutting plan. Most Read from BloombergThese Are World’s Most Expensive Cities for High-Class LivingHedging Failure Exposes Private Equity to Interest-Rate SurgeNoises Detected in Search for Missing Titanic SubmersibleWhat We Know About the Missing Titanic SubmersibleTitanic Explorer Says Two Likely Disaster Causes Are Survi
FedEx Corporation (NYSE: FDX) reported better-than-expected earnings for its fourth quarter, while sales missed estimates. The company announced that its executive vice president and CFO Michael Lenz will retire from his role, effective July 31.
FedEx's Profit Outlook Falls Short as Job Cuts Reach 29,000 msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.