By Esther Fung
FedEx shares fell 4% in after-hours trading Thursday, after the parcel carrier lowered its revenue and profit forecasts for the current fiscal year, citing continued weakness and uncertainty in the U.S. industrial economy.
The company now expects adjusted profit of between $18.00 and $18.60 per share for the fiscal year ending in May, down from its previous forecast of between $19.00 and $20.00 per share. FedEx projects its revenue for the year to be flat or slightly down, compared with the prior forecast of roughly flat.
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March 20, 2025 16:43 ET (20:43 GMT)
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