FedEx Corp. late Tuesday cut its fiscal 2024 revenue forecast, saying it now expects a single-digit year-on-year revenue decline instead of flat revenue.
The revision, included in its fiscal second-quarter financial results, sent shares plunging more than 8.5% in early after-hours trading.
The company (NYSE: FDX) upped its full-year guidance for diluted earnings per share, now saying it will come in at a range of $15.35 to $16.85 per diluted share from $15.10 to $16.60 per diluted share.
For the...
https://www.freightwaves.com/news/fedex-cuts-full-year-revenue-forecast-shares-plunge