FedEx shares fall as dismal forecast fans concerns over Trump tariffs
1. FedEx shares fell by up to 5% after a disappointing profit forecast. 2. Expected EPS of $3.40 to $4 is below market expectations of $4.05. 3. Tariff policies are negatively affecting US-China air trade for FedEx. 4. FedEx plans $1 billion in cost-cutting for FY 2026 amid ongoing challenges. 5. CEO highlights global demand volatility overshadowing better-than-expected quarterly earnings.