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FedEx raises 2024 profit forecast
Mar 21, 2024 1:25 PM

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)

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