FedEx also saw its adjusted operating margin expand by 40 bps to 8.5% in Q4’24. This clubbed with a 2% decline in average shares outstanding, amid share repurchases, resulted in a 10% rise in the bottom line to $5.

Shares of FedEx (FDX) are plummeting in after-hours trading. The shipping giant reported first quarter adjusted earnings of $3.60 per share, well short of the expected $4.77. Revenue of $21.6 billion was also shy of the $21.

Good day, and welcome to the FedEx fiscal year 2025 first quarter earnings call. All participants are in listen-only mode. [Operator instructions] After today's presentation, there will be an opportunity to ask questions.

FedEx stock was down after the company reported worse-than-expected fiscal first-quarter earnings.The economy just isn’t helping, and there is a troubling shift happening which shows why the Fed just cut benchmark interest rates.