FedEx stock sinks 21% after big earnings miss, guidance withdrawn

Sep. 16, 2022 3:22 PM ETFedEx Corporation (FDX)UPSBy: Jessica Kuruthukulangara, SA News Editor265 Comments

Fleet of FedEx delivery trucks in a parking lot


FedEx (NYSE:FDX) finished Friday's session with a 21% plunge after the package-delivery giant reported preliminary Q1 results that widely missed estimates, hurt by global volume softness that worsened in the final weeks of the quarter.

FDX also withdrew its FY23

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