March 20 (Reuters) – FedEx Corp lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners.
“Our revised earnings outlook reflects continued weakness and uncertainty in the U.S. industrial economy, which is constraining demand for our business-to-business services,” Chief Financial Officer John Dietrich said in a statement.
FedEx shares fell 5.3% to $232.29 in after-hours trade, while rival United Parcel Service stock shed 1.1%. Those companies are seen as barometers for the global economy since their business touches so many types of businesses.
