Anthony Deruijter is dovish on FedEx stock despite raised guidance
Kabuhayan Anthony Deruijter is dovish on FedEx stock despite raised guidance 4 minuto ang nakalipas Balita ng Ethereum ng Bitcoin FedEx Corp (NYSE: FDX) jumped more than 12% in extended trading after reporting better-than-expected earnings for its fiscal third quarter. FedEx stock up on raised guidance The stock gained also because the package delivery company raised its profit forecast for the full year. FedEx is now calling for $14.60 a share to $15.20 a share in earnings versus up to $14 it had guided for earlier. Still, Anthony Deruijter – Senior Analyst at Third Bridge said on Yahoo Finance Live: Demand issue could persist through this year and that could hit FedEx. They‘re talking about mid to high single digits drop on the volume side. [Plus], a lot of the cost cuts they’re talking about may not be that easy to pull off. FedEx stock is now up 30% versus the start of 2023. Analyst picks UPS over FedEx stock FedEx Express continued to struggle with waning demand in the recent quarter but cost cuts and an 11% increase in per-package revenue helped the ground-shipping unit in the United States and Canada. Still, Deruijter prefers peer UPS over FedEx stock thats now up 30% versus the start of 2023. Explaining why, he