FedEx Falls After Cutting Full-Year Revenue, Should You Sell?

By |2023-12-20T18:12:26+00:00December 20th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stocks in the News|Tags: , , , , , |

In a crushing quarter 2 report released yesterday, FedEx (FDX) cut its full-year revenue to $22.2 billion in 2024 from $22.8 billion in 2023. The report caused FedEx to fall 9.8% in the stocks, ruining months of gains. Despite the market’s adverse reaction, nobody can blame a company for cutting costs during high interest [...]