FedEx Corp stock slips 1% ahead of third quarter earnings

NodeGuardian · 2026-03-23T11:57:05+00:00

FedEx Corp. stock fell 1% to $349.74 before its fiscal Q3 earnings report, reflecting concerns over the US-Iran conflict and rising oil prices. Analysts expect revenue to rise 6% to $23.5 billion, but adjusted earnings per share may decline by 7%.

NodeGuardian

2026-03-23 11:57:05

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FedEx Corp. stock experienced a 1% dip ahead of its fiscal third-quarter earnings release, closing at $349.74 on Wednesday. The company’s shares had previously surged, reaching a record high in February, but have since dropped due to investor concerns over the US-Iran conflict and rising petroleum costs. Analysts anticipate a 6% increase in quarterly revenue to $23.5 billion, despite a projected 7% contraction in adjusted earnings per share to $4.17.

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