FedEx (FDX) shares plummeted 5.23% in pre-market trading Friday, despite reporting stronger-than-expected fiscal second-quarter earnings. The logistics giant cited $175 million in near-term costs related to the grounding of its MD-11 aircraft fleet following a fatal UPS cargo plane crash in November.
The company reported adjusted earnings of $4.82 per share on $23.5 billion in revenue, beating Wall Street estimates. However, investors reacted negatively to the higher costs and trade policy headwinds, which management expects to impact fiscal 2026 results by roughly $1 billion. Analysts noted that FedEx shares may have been priced for perfection after a 25% rally since September.
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