FedEx's shares fell sharply after the parcel delivery firm cut its fiscal 2025 forecasts, adding to worries about the health of the U.S. industrial economy against the backdrop of the Trump administration's sweeping tariffs on trading partners.

FedEx Corp. shares tumbled after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments.

FedEx cut its outlook for the year, citing weak demand for business-to-business shipments stemming from continued weakness and uncertainty in America’s industrial economy.