FedEx Stock Slumps as Shipping Giant Shelves Full-Year Forecast
1. FedEx suspended its fiscal 2026 full-year forecast, impacting investor confidence. 2. First quarter earnings forecast of $3.40 to $4 falls below analysts' expectations. 3. Revenue growth predicted at flat to 2%, slightly better than previous expectations. 4. Shares fell 5% after the announcement and have lost nearly 20% year-to-date. 5. Founder Fred Smith recently passed away, marking a significant company loss.