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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| FedEx Corp | NYSE:FDX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -1.38 | -0.53% | 260.65 | 265.57 | 259.845 | 263.50 | 1,085,245 | 01:00:00 |
From Nov 2023 to May 2024
By Ben Glickman
FedEx lowered its forecast for full-year revenue after weaker demand continued to pressure the company's sales in the fiscal second quarter.
The Memphis, Tenn.-based package-shipping company said it now expects full-year revenue to decline in the low-single digits, compared with prior outlook of flat revenue growth. Analysts polled by FactSet are expecting a decline of less than 1%.
The company's revenue fell more than expected in the fiscal second quarter, but FedEx expanded its profit as cost cutting initiatives boosted margins.
FedEx is expecting per-share earnings of $15.35 to $16.85, compared with earlier guidance of $15.10 to $16.60 a share. Analysts polled by FactSet expect full-year profit of $17.42.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
December 19, 2023 16:39 ET (21:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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