FedEx (FDX) lowered its fiscal 2025 profit outlook again after reporting Q3 earnings slightly below expectations.

EPS rose 17% to $4.51 on $22.2 billion in revenue, missing analyst forecasts of $4.56 EPS but exceeding revenue estimates of $21.87 billion.

The company now expects fiscal 2025 EPS between $18 and $18.60, down from prior guidance of $19 to $20, Investor’s Business Daily has reported.

CFO John Dietrich attributed the revision to U.S. industrial weakness but reaffirmed confidence in FedEx’s transformation efforts.

Written by B.C. Begley