FedEx shares driven lower by earnings miss, downwardly revised guidance
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FedEx reported Q3 earnings per share of $4.51, missing analyst estimates of $4.63. The company significantly reduced its full-year earnings outlook, citing continued weakness in the US industrial economy. Revenue was $21.88 billion, slightly below consensus. Management remains confident in their cost reduction initiatives but acknowledged demand constraints for business-to-business services.
March 21, 2025 | 1:30 pm
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FedEx reported lower-than-expected Q3 earnings and significantly reduced its full-year profit forecast, signaling challenges in the industrial sector.
Missed earnings, reduced guidance, and concerns about industrial economy weakness will likely drive investor sentiment negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100