From Investing.com: 2025-03-21 18:25:00

FedEx’s shares dropped after the company cut its annual forecast, raising concerns about the economy. The shipping giant’s stock fell by 11% following the announcement, with investors worried about the impact on the global economy.

The company cited trade tensions and weaker global growth as reasons for the reduced forecast. FedEx now expects earnings to be lower than previously anticipated due to these factors. This news has led to a decrease in investor confidence and a negative outlook on the company’s future performance.

The forecast cut comes amid a backdrop of ongoing trade tensions between the US and China, which have already had a significant impact on global markets. FedEx’s revised earnings outlook reflects the broader economic uncertainty caused by these trade disputes, with many analysts predicting further volatility in the coming months.



Read more at Investing.com: FedEx shares slide as annual forecast cuts stoke worries on economy