March 20 (Reuters) - FedEx Corp ( FDX ) lowered its

full-year revenue and profit forecast on Thursday, as the parcel

delivery firm seeks new business after its contract with its

largest customer, the United States Postal Service, ended last

year.

The company expects its full-year revenue to be flat to

slightly down year over year, compared to the prior forecast of

approximately flat.

It now expects adjusted profit to be in a range of $18.00 to

$18.60 per share, from its previous outlook of $19.00 to $20.00

each.

FedEx ( FDX ) in December announced long-awaited plans to spin off

its profitable Freight division, a move analysts said could

unlock up to $20 billion in shareholder value, while clearing

the way for FedEx ( FDX ) management to zero in on merging operations of

its separate Express and Ground units to boost profits.

Memphis-based FedEx ( FDX ) earlier in December lowered its profit

outlook for the full year ending May 2025, calling for adjusted

profit of $19 to $20 per share. That was down from its initial

target range of $20 to $22 per share.