FedEx shares are trading lower after the company reported worse-than-expected Q1 financial results.
Portfolio Pulse from Benzinga Newsdesk
FedEx shares declined following the release of disappointing Q1 financial results, which were below market expectations.
September 19, 2024 | 8:04 pm
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FedEx reported Q1 financial results that were worse than expected, leading to a decline in its share price.
The company's Q1 financial results were below expectations, which typically leads to a negative reaction in the stock market as investors adjust their valuations based on the new information. This is reflected in the immediate drop in FedEx's share price.
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