Reported about 3 hours ago
FedEx surpassed quarterly profit and revenue expectations, benefiting from cost-cutting measures that mitigated the impact of decreased international business due to the U.S. tariff changes. While international volumes declined, overall package volume increased, resulting in a profit of $0.91 billion and revenue of $22.24 billion. However, the company forecasts lower earnings per share for 2026, primarily due to the removal of 'de minimis' exemptions for shipments from China and Hong Kong.
Source: YAHOO