FedEx misses earnings expectations, lowers full-year guidance

From Investing.com: 2024-09-19 16:27:48

FedEx reported disappointing Q1 earnings, missing Wall Street expectations due to weakness in its Federal Express business. The company’s adjusted earnings were $3.60 per share on revenue of $21.6 billion, falling short of analysts’ EPS forecast of $4.86 and revenue forecast of $21.96 billion. FedEx’s Federal Express segment saw margins decline to 5.2% from 7.1% a year earlier. The company cut its full-year guidance for fiscal 2025 and now expects adjusted EPS in the range of $20.00 to $21.00 and low single-digit revenue growth year over year. FedEx also plans to buy back $1.5 billion of its stock during fiscal 2025.



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