Those pressures do not appear to be easing. In its fiscal 2025 first quarter, which ended Aug. 31, FedEx earned $3.60 per share on revenue of $21.6 billion, falling short of Wall Street's consensus estimates for earnings of $4.76 per share on sales of $21.9 billion.

FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, and $4.90, respectively.

The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.

FedEx exited first-quarter fiscal 2025 with cash and cash equivalents of $5.94 billion compared with $6.50 billion at the prior-quarter end. Long-term debt (less current portion) was $19.6 billion compared with $20.1 billion at the end of the prior quarter.

Shares of FedEx Corp FDX tanked climbing in early trading on Friday, after the company reported downbeat results for its fiscal first quarter. Here are some key analyst takeaways.