AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Instagram Outage Disrupts Thousands of U.S. Users 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
FedEx Corporation (NYSE: FDX) reported weaker-than-expected fiscal third-quarter earnings on Thursday, prompting a downward revision of its full-year guidance. Shares fell over 3% in after-hours trading following the announcement.
The shipping giant posted adjusted earnings per share (EPS) of $4.51 on $22.2 billion in revenue, missing analysts’ estimates of $4.61 EPS but surpassing revenue expectations of $21.92 billion. The company cited a “very challenging operating environment,” including a compressed peak season and severe weather disruptions.
FedEx Freight continued to struggle, with lower fuel surcharges, declining shipment weight, and reduced volumes weighing on results, despite gains in base yield.
Looking ahead, FedEx lowered its adjusted EPS forecast to a range of $18.00 to $18.60, down from the previous $19.00 to $20.00 range. Revenue expectations were also revised, now projected to be flat or slightly down year-over-year, compared to prior guidance of approximately flat.
The results reflect ongoing freight market challenges, impacting FedEx’s profitability and growth outlook.
