Reported 19 days ago
FedEx shares are experiencing a significant drop in after-hours trading after the company reported first-quarter adjusted earnings of $3.60 per share, significantly below the expected $4.77. The revenue of $21.6 billion also fell short of Wall Street's forecast of $21.93 billion. Additionally, FedEx revised its earnings guidance for fiscal 2025, predicting $20.00-$21.00 per share, down from $20.00 to $22.00.
Source: YAHOO