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FedEx Soars After Boosting Profit Outlook; Unilever Looks to Offload Food Arm; Planet Labs Rises on Earnings
Published 1 month, 1 week ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- FedEx (FDX) raised its full-year profit forecast, sending the courier’s shares up the most in almost a year and signaling the plan to restructure its delivery network is gaining traction despite economic volatility.
- Unilever (ULVR) is in talks to sell its food business to McCormick & Co., in what would be the biggest overhaul of the owner of Hellmann’s mayonnaise since it was founded almost a century ago.
- Planet Labs (PL) shares gain after the satellite imaging firm reported revenue for the fourth quarter that beat the average analyst estimate. The revenue forecast for 2027 was also a beat.
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