India, June 24 -- Shares of FedEx Corp. were down around 7 percent in the pre-market activity on the NYSE after the logistics major reported weak earnings and adjusted operating margin for the fourth quarter, even as revenues were higher. Shares are currently down 2 percent in the regular trading.
Looking ahead, the firm projects continued revenue and earnings growth momentum in June-through-December transition year. For calendar year 2026, the company expects higher earnings and revenues.
Raj Subramaniam, FedEx Corp. president and chief executive officer, stated, "Our profitable growth strategy is working. We are building momentum across our global industrial network, driving structural improvements and winning in high-value growth marke...