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Stock impact report

Stock of the Day: FedEx drops 9% after 2025 forecast cut fans fears of economic uncertainty [Yahoo! Finance]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: Yahoo! Finance
Adjusted earnings per share are projected at $18-$18.60 The move: FedEx dropped 9.41% in premarket trading on Friday to $223.82 per share. Shares of the shipment and transportation firm are down 12.48% year-to-date. The chart: Why: The company lowered its revenue and profit outlook for the year, expecting shipping demand to soften amid economic uncertainty. Higher-than-expected inflationary pressures were another factor cited during the company's earnings call. "Our revised earnings outlook reflects continued weakness and uncertainty in the US industrial economy, which is constraining demand for our business-to-business services," John Dietrich, FedEx executive vice president and chief financial officer, said in a statement FedEx now expects fiscal 2025 revenue that's slightly down from the prior year. Adjusted earnings per share are projected at $18-$18.60, reduced from between $19-$20. The company's capital spending outlook was also reduced to $4.9 billion. What it me Show less Read more
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