FedEx shares slump on missed FQ1, lowered FY25 guidance

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FedEx shares slump on missed FQ1, lowered FY25 guidance

seekingalpha09-20

FedEx (NYSE:FDX) missed FQ1 profit and sales expectations and dropped its outlook for FY25, driving shares sharply lower in after-hours trading and likely ending a nine-day winning streak when the ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFedEx shares slump on missed FQ1, lowered FY25 guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-20 04:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4151381-fedex-shares-slump-on-missed-fq1-lowered-fy25-guidance><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FedEx (NYSE:FDX) missed FQ1 profit and sales expectations and dropped its outlook for FY25, driving shares sharply lower in after-hours trading and likely ending a nine-day winning streak when the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4151381-fedex-shares-slump-on-missed-fq1-lowered-fy25-guidance\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930227.SGD","symbol_name":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","start_time":0,"source_url":"https://seekingalpha.com/news/4151381-fedex-shares-slump-on-missed-fq1-lowered-fy25-guidance","article_id":"2468680970","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/483290419/image_483290419.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468680970","pubTimestamp":1726777845,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"FedEx (NYSE:FDX) missed FQ1 profit and sales expectations and dropped its outlook for FY25, driving shares sharply lower in after-hours trading and likely ending a nine-day winning streak when the sto","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","FDX":"联邦快递","LU0251142724.SGD":"Fidelity America A-SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4588":"碎股","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK4131":"航空货运与物流","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD"},"translate_title":"联邦快递股价因错过第一季度、下调2025财年指引而暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDX":1},"content_text":"FedEx (NYSE:FDX) missed FQ1 profit and sales expectations and dropped its outlook for FY25, driving shares sharply lower in after-hours trading and likely ending a nine-day winning streak when the stock opens for regular trading on Friday. “First quarter results were negatively affected by a mix shift, which reduced demand for priority services, increased demand for deferred services, and constrained yield growth. In addition, higher operating expenses and one fewer operating day negatively affected the quarter’s results. A reduction of structural costs from the company’s DRIVE program initiatives partially offset these factors,” the company said in a statement.  The delivery company earned an adjusted profit of $3.60 per share, down from $4.55 a year ago and $1.17 below the consensus estimates. Total revenue was nearly unchanged from a year ago at $21.7B, also missing the consensus estimate.  By segment, FedEx Express, which represents half of the company’s total revenue, earned an adjusted income of $996M with an operating margin of 5.4% vs 7.2% a year ago.  For FY25, the company lowered its revenue growth rate to a low single-digit percentage rate from the prior forecast of a low-to-mid single digit percentage increase.  Earnings are expected to be between $17.90 to $18.90 per share compared to prior forecast of $18.25 to $20.25 per share before the market-to-market retirement plans accounting adjustments, and $20.00 to $21.00 per share from initial guidance of $20.00 to $22.00 per share excluding costs related to business optimization initiatives. This compares to the consensus estimate of $20.93 per share. Capital spending is projected to be $5.2B, slightly below the $5.26B estimate.  “I remain confident in the value-creation opportunities ahead as we focus on reducing our structural cost, growing revenue profitably, and leveraging the insights from our vast collection of data as we continue to build the world’s most flexible, efficient and intelligent network,\" CEO Rajesh Subramaniam said.  FedEx (FDX) shares are down 10% in after-hours trading.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}