FedEx’s profit forecast is sinking the stock, as tariffs weigh on shipments
170d ago
Business
MarketWatch
FedEx shares dipped in after-hours trading following the company's announcement of a lower-than-expected profit forecast for the fiscal first quarter. The package-delivery giant cited tariffs as a significant factor weighing on shipment volumes and impacting their financial outlook. This cautious forecast has raised concerns among investors about the broader economic implications of ongoing trade tensions and their effect on global supply chains. The company's projected per-share profit fell short of analysts' estimates, contributing to the negative market reaction.