March 21 (Reuters) - FedEx ( FDX ) raised its fiscal
2024 profit forecast on Thursday, expecting cost cuts to offset
a decline in demand from its largest customer, the U.S. Postal
Service (USPS).
The parcel delivery firm now expects earnings per share for
fiscal 2024 to be in the range of $17.25 to $18.25, compared
with its prior forecast of $17 to $18.50 per share.
(Reporting by Lisa Baertlein in Long Beach; Ananta Agarwal and
Aishwarya Jain in Bengaluru, Editing by Devika Syamnath)