FedEx Stock Falls as Shipping Giant Cuts Its Outlook for the Third Quarter in a Row | Global News Avenue

FedEx (FDX) reported quarterly earnings that missed analyst expectations and cut full-year outlook, lowering stocks in Thursday’s extended trading.

The shipping giant said it expects full-year revenue to be slightly lower than the previous “about flat” forecast. The company also abandoned its prospects Earnings per share Between $15.15 and $15.75, from $16.45 to $17.45, marking the third quarter that FedEx has continuously lowered its forecasts.

In the fiscal third quarter, FedEx’s revenue rose 2% year-on-year to $22.2 billion, more than the visible Alpha’s analyst consensus. Adjusted earnings were $1.09 billion, or $4.51 per share, up from $970 million or $3.86 per share a year ago, but missed Wall Street estimates.

FedEx CEO Raj Subramaniam said the company faces a very challenging operating environment, including compressed peak seasons and harsh weather events. ”

The result was also after the FedEx announced in December Plan to rotate It serves as a freight business for independent companies.

FedEx shares fell more than 5% in after-hours trading Thursday. They lost about 12% by turning off the ringtone in 2025.