Shares of FedEx (FDX) are plummeting in after-hours trading. The shipping giant reported first quarter adjusted earnings of $3.60 per share, well short of the expected $4.77. Revenue of $21.6 billion was also shy of the $21.93 billion Wall Street was expecting. For fiscal 2025, FedEx sees earnings of $20.00-$21.00 per share, which is down from its prior guidance of $20.00 to $22.00 per share.

In the video above, Market Domination Overtime anchors Julie Hyman and Josh Lipton break down FedEx's results.

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This post was written by Stephanie Mikulich.