FedEx Corp. shares plummeted after the parcel delivery company cut its profit outlook for the third consecutive quarter due to economic woes. Inflation and uncertain demand for shipments are affecting the industry. The company now expects adjusted earnings of $18 to $18.60 per share, below analyst estimates. Revenue is also expected to be slightly lower than previously anticipated, with sales projected to be flat in comparison.
Source: https://www.bloomberg.com/news/articles/2025-03-20/fedex-cuts-profit-outlook-again-amid-mounting-economic-worries