Shares of FedEx were down 4% afterhours on Tuesday following the release of its fourth-quarter and full-year financial results.

The company reported $21.9 billion of revenue, off consensus estimates above $22.5 billion , according to FactSet. Earnings beat analysts’ expectations of $4.85 per share, coming in at $4.94.

FedEx said it was unable to provide an estimate for fiscal 2024 earnings due to an inability “to forecast the mark-to-market retirement plans accounting adjustments.” FedEx is forecasting low-single-digit-percent revenue growth for the year.

Source: finance.yahoo.com