From Yahoo Finance: 2025-03-20 19:58:00

FedEx is merging Express and Ground networks to boost efficiency. Shares fell over 5% after reducing full-year guidance due to economic uncertainty. Revenue expected to be flat to slightly down, with adjusted EPS at $18-$18.60. Tariffs and higher costs impacting bottom line. Despite challenges, revenue increased 1.9% in Q3.

During the fiscal year third quarter, FedEx saw adjusted operating income increase 11% year over year to $1.5 billion. Adjusted EPS missed estimates by 12 cents but was up 17% from prior year. Management anticipates a shift to deferred service offerings, resulting in negative results. Drive network transformation contributed to improved profitability. FedEx Express saw a 17% gain in adjusted operating income to $1.4 billion.

Read more: FedEx says economic uncertainty slowing parcel and freight demand