FedEx Corp (FDX) reported disappointing first-quarter fiscal 2025 earnings, missing revenue and earnings estimates due to a mix shift in demand, higher operating expenses, and a decline in package volume. The company also revised its full-year outlook lower, citing a challenging economic environment.
Airbnb reported strong earnings for the first quarter but projected that its revenue for the upcoming quarter would fall short of market expectations, resulting in an 8% drop in stock price post-market. The company saw its revenue climb 18% from the previous year in Q1, reaching $2.14 billion. However, for the upcoming quarter, the company anticipates revenue to be in the range of $2.68 billion to $2.74 billion, which is slightly below the $2.74 billion forecast by analysts.
