FedEx Corp (NYSE:FDX) reported financial results for the first quarter of fiscal 2025 after the market close on Thursday. Here’s a look at the key metrics from the quarter.
Q1 Earnings: FedEx reported first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $3.60 per share, missing analyst estimates of $4.80 per share.
FedEx said its 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. The quarter was also impacted by higher operating expenses and one fewer operating day in the quarter.
Federal Express operating results fell during the quarter due to lower ...
