Investing.com -- FedEx cut its full-year guidance Thursday after reporting fiscal Q1 earnings that fell well short of Wall Street expectations amid weakness in its key Federal Express business.adjusted earnings of $3.60 per diluted share on revenue of $21.6 billion. Analysts polled by Capital IQ anticipated EPS of $4.86 on revenue of $21.96B.For fiscal 2025, the company narrowed its guidance on adjusted EPS in the range of $20.00 to $21.00, down from $20.00 to $22.00 previously.
FedEx said it expects to buy back an additional $1.5B of stock during fiscal 2025, for a buyback total of $2.5B.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »