ReutersReuters

Fedex falls after lowering full-year revenue forecast

RefinitivLess than 1 min read

** Shares of parcel delivery firm FedEx Corp FDX fall 4.2% to $236 after the bell

** FedEx cuts full-year revenue forecast, as it seeks new business after its contract with its largest customer, the United States Postal Service, ended last year

** Sees FY25 revenue to be flat to slightly down, year over year, compared to prior forecast of approximately flat

** Expects adj. EPS to range between $18.00 and $18.60, compared to its previous projection of $19.00 to $20.00

** As of Thursday's close, stock had fallen 12.48% YTD

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