Raj Subramaniam News

20.09 / 15:17

markets COST UPS Target Analysis Research Trade FedEx slumps 15% amid weak demand for pricey priority deliveries

Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales from higher-priced deliveries. FedEx, seen as a global trade barometer, is potentially losing nearly $11 billion in market value, and has also dragged down its rivals UPS and DHL shares, as the shipping industry deals with sluggish demand and bloated costs.

26.06 / 02:31

COST Target CEO trends Trade FedEx eyes fiscal 2025 profit just above Wall St target, shares soar

FedEx on Tuesday forecast fiscal 2025 profit above analysts' estimates, and shares in the delivery giant soared as executives said slashing expenses and consolidating operations would bolster returns even as demand remained weak for package deliveries. Shares of FedEx jumped 14 in extended trading as the Memphis-based company targeted fiscal 2025 earnings of $20 to $22 per share — the midpoint of which was slightly above analysts' estimate of $20.92. The company is also weighing whether to will keep or sell its freight trucking business that generated revenue of $2.3 billion in the latest quarter.

22.03 / 20:53

markets UPS Target Trade performer reports FedEx soars on profit beat, improved margins in its Express unit

By Shivansh Tiwary

14.01 / 17:59

UPS Reuters CEO Experts NOT FedEx has not seen much impact from Red Sea disruptions, CEO says

(Corrects paragraph 2 to say Subramaniam took over as CEO in 2022, not 2023)

21.09 / 00:17

COST UPS Parke Yellow FedEx reports Customer FedEx shares pop on hefty profit beat, UPS customer wins

By Lisa Baertlein and Priyamvada C

01.09 / 06:03

COST Manufacturing CEO FedEx country Country with ‘most excitement’, FedEx CEO Subramaniam on India cracking the growth code

logistics are intertwined and go hand in hand, Raj Subramaniam, Chief Executive Officer, FedEx Corporation, said that their potential needs to be tapped. “I have travelled the world and can assure you that this is the place which has got the most excitement. While we double or triple manufacturing, there is an opportunity to reduce the cost of logistics as a percentage of GDP in India, maybe even halve it.

16.09 / 21:23

CEO Adobe FedEx Stocks making the biggest moves midday: FedEx, Adobe, Boeing and more

In this article

29.03 / 19:29

GameStop Nielsen FedEx UnitedHealth Holdings Stocks making the biggest moves midday: GameStop, Uber, Nielsen Holdings and more

In this article

29.03 / 15:57

CEO GameStop Nielsen FedEx Holdings Stocks making the biggest moves in the premarket: Nielsen Holdings, FedEx, LHC Group and more

Take a look at some of the biggest movers in the premarket:

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