FedEx hopes to save $1 billion this fiscal year. But its forecast is sinking shares.

FedEx Corp. on Tuesday forecast a fiscal first-quarter per-share profit that came in shy of Wall Street’s expectations, sending shares of the package-delivery giant lower in after-hours trade.

Jun 24, 2025 - 21:49
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FedEx hopes to save $1 billion this fiscal year. But its forecast is sinking shares.
FedEx Corp. on Tuesday forecast a fiscal first-quarter per-share profit that came in shy of Wall Street’s expectations, sending shares of the package-delivery giant lower in after-hours trade.