Luxtious Review: FedEx Shares Drop 12% After Cutting Full-Year Guidance

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Luxtious Review: FedEx Shares Drop 12% After Cutting Full-Year Guidance

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5 Views • Sep 20, 2024 • Click to toggle off description

FedEx shares dropped more than 12% after the company cut its full-year guidance. The logistics giant now expects fiscal 2025 earnings per share between $20.00 and $21.00, down from previous estimates. Revenue growth is also revised to low single digits. Elevated operating expenses and weaker-than-expected demand impacted the fiscal Q1 results, with adjusted earnings falling to $3.60 per share, missing Wall Street expectations.

#FedEx #FDX #StockMarket #EarningsReport #Logistics #RevenueGrowth #Investing #BusinessNews #Luxtious #LuxtiousReview

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RYD date created : 2024-09-20T20:37:40.269706Z
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