Comment on Why FedEx Corporation Stock Dropped Today

Why FedEx Corporation Stock Dropped Today

Shares of FedEx (NYSE: FDX) were down 4.9% as of 2 p.m. EDT on Tuesday after the courier delivery services giant announced mixed results for the 2019 fiscal first quarter.More specifically, FedEx's quarterly revenue climbed 11.8% year over year to $17.1 billion, which translated to adjusted (non-GAAP) earnings of $3.46 per diluted share, up from $2.51 in the year-ago period.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News