Reported about 1 month ago
FedEx has lowered its financial outlook for the third consecutive quarter due to growing economic uncertainty and pressures in the U.S. industrial sector, leading to a more than 5% drop in shares. The company anticipates flat to slightly decreased revenue compared to previous estimates, as rising tariffs impact consumer demand. Despite a slight revenue increase in the last quarter, FedEx is facing challenges in B2B shipping and an ongoing shift towards lower-margin deferred services.
Source: YAHOO