These Analysts Slash Their Forecasts On FedEx After Q3 Earnings

FedEx Corp. (NYSE:FDX) posted weaker-than-expected earnings for its third-quarter results after Thursday’s closing bell.

FedEx reported quarterly earnings of $4.51 per share, which missed the analyst consensus estimate of $4.54. Quarterly revenue came in at $22.2 billion, which beat the analyst consensus estimate of $21.89 billion and is up from revenue of $21.7 billion from the same period last year.

"The FedEx team delivered improved profitability, while navigating a very challenging operating environment, including a compressed Peak season and severe weather events," said Raj Subramaniam, FedEx CEO.

FedEx said it is unable to forecast the fiscal 2025 mark-to-market retirement plans accounting adjustments and therefore, is unable to provide a fiscal 2025 earnings per share or effective tax rate outlook. The company also said it now sees ...