Fri Sep 20 11:39:17 UTC 2024: ## FedEx Falls Short of Expectations in Latest Earnings Report

**MEMPHIS, TN – September 20, 2024** – FedEx Corporation (NYSE: FDX) announced disappointing quarterly earnings results on Thursday, falling short of analysts’ expectations. The shipping giant reported earnings per share of $3.60 for the quarter, missing the consensus estimate of $4.82 by $1.22.

Revenue for the quarter reached $21.58 billion, slightly below analysts’ projections of $21.87 billion. This represents a 0.5% decline compared to the same period last year.

Despite the miss, FedEx updated its FY25 guidance to $20.00-21.00 EPS and its FY 2025 guidance to 20.000-21.000 EPS.

Following the release, FDX stock opened at $300.39 on Friday. The company’s dividend, payable on Tuesday, October 1st, will be $1.38 per share.

Meanwhile, insider trading activity within the company has seen several executives sell shares. CEO Sriram Krishnasamy and EVP Robert B. Carter both sold thousands of shares in recent transactions.

**Analysts are watching closely to see how FedEx addresses the revenue shortfall and if the company can meet its updated guidance for the year.**

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