FedEx drops 9% after cutting 2025 forecast due to economic uncertainty

From Yahoo Finance.: 2025-03-21 16:56:00

FedEx shares dropped 9% in premarket trading after lowering its fiscal 2025 outlook due to economic uncertainty. Adjusted earnings per share are now projected at $18-$18.60. The company cited weak demand and higher inflationary pressures. FedEx now expects slightly lower revenue and reduced adjusted earnings compared to previous estimates. The company’s capital spending outlook was also cut to $4.9 billion. This signals economic concerns impacting the corporate world, with United Parcel Service shares also falling. Consumers are holding back spending, reflected in disappointing retail sales, amid trade war fears and economic downturn worries. Federal Reserve interest rates remain steady.



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