FedEx expects a $170 million financial hit this quarter due to President Trump’s trade war, after a change in tariff rules crushed demand for packages shipped to the U.S. from China. In early May, the U.

FedEx ( FDX) shares fell in extended trading Tuesday as the shipping giant suspended its full-year forecast. The decision to omit a full-year sales or profit estimate for fiscal 2026 comes after FedEx slashed its fiscal 2025 outlook three quarters in a row.

FedEx Corporation (NYSE:FDX) shares are moving lower Wednesday after the company issued soft guidance for the first quarter. Multiple analysts also cut price targets following the company's fourth-quarter results.