The shipping giant reported adjusted EPS of $6.31 versus expectations of $5.96, but its new calendar-year profit forecast fell short of expectations

FedEx Corporation FDX shares are trading lower Wednesday. The company reported fourth-quarter financial results on Tuesday after the market closed. FedEx stock is among today’s weakest performers. Why are FDX shares down?

FEDEX margins in its core delivery segment dropped in the latest quarter from a year earlier, and shares fell 6 percent in extended trading on Tuesday even though the company beat profit estimates and projected 11 percent revenue growth this year.

The shipping giant gives investors an insightful view into the economy, and it reports just days after a hawkish turn from the Federal Reserve.

What's behind the move: FedEx fiscal fourth quarter adjusted earnings came in at $6.31 per share, versus expectations of $5.97. Revenue increased 13% to $25 billion, its report on Tuesday showed. However, the company's operating margin shrank to 8.4% from 9.1% last year, sending FedEx shares lower.

Up 2 hours ago Live That wraps up our initial coverage of FedEx’s Q4 results. Thank you for stopping by! Check out management’s earnings call at 5 PM EST for more updates. FedEx Enters a New Era After Delivering on Its Biggest Promises 2 hours ago Live FedEx closed

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FedEx is slowly redeploying its fleet of MD-11 aircraft that were grounded for seven months following the fiery crash of a UPS freighter, but has also decided to retire 10 aging aircraft. The post More FedEx MD-11 cargo jets return to service,