Investors reacted sharply to FedEx’s muted Q1 guidance and decision to withhold a full-year outlook, triggering a 5% stock decline. FedEx shares drop 5% after weaker forecast and tariff hit. Asia to US air cargo,

FedEx Corp. on Tuesday forecast a fiscal first-quarter per-share profit that came in shy of Wall Street’s expectations, sending shares of the package-delivery giant lower in after-hours trade.

The underwhelming forecast sent investors spiraling, since the company often acts as a bellwether for several other industries.