Fedex falls after lowering full-year revenue forecast

Shares of parcel delivery firm FedEx Corp FDX.N fall 4.2% to $236 after the bell

FedEx cuts full-year revenue forecast, as it seeks new business after its contract with its largest customer, the United States Postal Service, ended last year

Sees FY25 revenue to be flat to slightly down, year over year, compared to prior forecast of approximately flat

Expects adj. EPS to range between $18.00 and $18.60, compared to its previous projection of $19.00 to $20.00

As of Thursday's close, stock had fallen 12.48% YTD