Yahoo FinanceFedEx forecasts fiscal 2025 profit slightly above estimates on cost cuts

Jun 26 2024 01:45 AM IST

FedEx forecast 2025 profit above analysts' estimates on Tuesday. The parcel delivery firm expects fiscal 2025 earnings per share to be in the range of $20.00 to $22.00, the midpoint of which is slightly aboveAnalysts' estimate of $19.92 per share.

(Reuters) - FedEx forecast 2025 profit above analysts' estimates on Tuesday, anticipating that the cost reductions planned for the year would deliver margin gains, even as revenue remains challenged by lackluster demand for parcel shipping.
The parcel delivery firm expects fiscal 2025 earnings per share to be in the range of $20.00 to $22.00, the midpoint of which is slightly above analysts' estimate of $20.92 per share.
(Reporting by Ananta Agarwal in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Pooja Desai)
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