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.
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