Companies
Tuesday, 6/23, 11:05 PM
FedEx Tops Earnings Estimates but Soft Profit Forecast Sinks Shares
- FedEx beat Wall Street's fourth-quarter profit and revenue targets, but a fiscal-2027 earnings outlook well below analyst hopes sent the shipping bellwether's stock down about 5% after hours, as muted package demand and trade-policy disruption clouded the picture.