FedEx forecasts fiscal 2025 profit slightly above estimates on cost cuts-February 2024-www.financetom.com

FedEx forecasts fiscal 2025 profit slightly above estimates on cost cuts

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FedEx forecasts fiscal 2025 profit slightly above estimates on cost cuts

Jun 25, 2024 1:23 PM

June 25 (Reuters) - FedEx ( FDX ) 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.

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