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

FedEx reported third-quarter earnings that missed analysts’ expectations and cut its full-year outlook, sending shares lower in extended trading Thursday.

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.