FedEx (FDX) reported third-quarter earnings that missed analysts’ expectations and cut its full-year outlook, sending shares lower in extended trading Thursday.
The shipping giant said it expects full-year revenue to come in flat to slightly lower year-over-year, worse than its prior forecast of “approximately flat.” The company also dropped its outlook for earnings per share to between $15.15 and $15.75, from $16.45 to $17.45, marking the third quarter FedEx has lowered its forecasts in a row.
In the third quarter, FedEx saw revenue grow 2% year-over-year to $22.2 billion, above the analyst consensus from Visible Alpha. Adjusted earnings of $1.09 billion, or $4.51 per share, improved from $970 million, or $3.86 per share, a year earlier, but missed Wall Street estimates.
FedEx CEO Raj Subramaniam said the company faced “a very challenging operating environment, including a compressed peak season and severe weather events.”
The results also come after FedEx announced plans to spin off its Freight business as a standalone company in December.
Shares of FedEx fell more than 5% in after-hours trading Thursday. They’ve lost about 12% in 2025 through the closing bell.
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