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FedEx tumbles on disappointing guidance after posting strong earnings amid peak tariff fears

FedEx slumped after the company issued a gloomy outlook for the current quarter and a shrug emoji for the year as a whole. The delivery giant’s shares were down more than 5% after the bell.

The actual results for its fiscal 2025 Q4 (the three months ending May 31) were solid: FedEx beat analyst revenue estimates, posting $22.2 billion versus the $21.7 billion that Wall Street expected, on adjusted earnings per share of $6.07, well above the anticipated $5.81.

This bumper quarter — which came amid fears that tariffs could soon grind global commerce to a halt — was outweighed by weaker-than-expected guidance, with FedEx issuing an adjusted EPS forecast of between $3.40 and $4 per share for the current quarter, shy of the $4.05 analysts expected. The company also sees its capital expenditures reaching $4.5 billion on the fiscal year, below the nearly $5 billion expected by analysts polled by FactSet.

And then there’s this:

*FEDEX NOT GIVING FY PROFIT VIEW DUE TO UNCERTAIN GLOBAL DEMAND

Oof.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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