The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 versus its prior range of $20 to $22. That sent shares tumbling nearly 15%.

FedEx saw revenues and profits decline in its fiscal first quarter as the company faced challenging market conditions, customers opted for less expensive

FedEx came up short on top and bottom lines, and guidance revisions suggest there is more bad news to come in fiscal 2025.

FedEx also saw its adjusted operating margin expand by 40 bps to 8.5% in Q4’24. This clubbed with a 2% decline in average shares outstanding, amid share repurchases, resulted in a 10% rise in the bottom line to $5.

FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.

The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.

FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, and $4.90, respectively.

The economy just isn’t helping, and there is a troubling shift happening which shows why the Fed just cut benchmark interest rates. FedEx reported Thursday evening adjusted earn

Key Takeaways FedEx lowered its revenue and earnings outlook for fiscal 2025.The company's fiscal first-quarter results missed analysts' expectations on the top and bottom lines amid weaker demand for its priority shipping services.

Weak demand for premium services in the U.S. hurt FedEx Corp.'s first-quarter results. The weakness in freight demand isn't new, and last month the Memphis, Tenn.-based logistics firm said it would reduce headcount across FedEx's back-office and commercial teams by 1,