Reported about 11 hours ago
FedEx's cautious forecast for the current quarter has led to shares falling more than 5% after hours, as the company projected an adjusted profit of $3.40 to $4 per share, below analysts' expectations of $4.06. The Memphis-based firm is facing challenges due to uncertainty in U.S. trade policies and significant exposure to China trade, which has affected business planning. Despite a stronger than expected fiscal fourth quarter, FedEx did not provide a full-year profit forecast, underscoring the volatile global demand environment.
Source: YAHOO