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FedEx Shares Rise After Q3 Double Beat, Outlook Raised Above Estimates - FedEx (NYSE:FDX)
FedEx raised its full-year earnings forecast to up to $20.10 per share, citing strong U.S. package yields and cost reductions despite freight segment challenges.
- On March 19, FedEx raised its full-year adjusted earnings forecast to $19.30 to $20.10 a share after reporting better-than-expected quarterly profit of $1.06 billion.
- Combining express and ground operations, FedEx is advancing a major network overhaul as the No. 2-ranked carrier on Transport Topics' Top 100 list pursues operational transformation.
- Adjusted earnings of $5.25 per share beat consensus estimates by $1.12, while revenue of $24 billion surpassed forecasts; shares rose 1.4% in after-hours New York trading.
- Investor momentum has pushed FedEx stock up about 21% this year through March 19, while the company affirmed its planned freight-unit spinoff remains on track for June.
- Management said FedEx signaled resilience amid the war in Iran and higher energy costs, citing progress on the network overhaul as justification for lifting full-year guidance.
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FedEx Shares Rise After Q3 Double Beat, Outlook Raised Above Estimates - FedEx (NYSE:FDX)
FedEx Corporation (NYSE:FDX) shares are trading higher Friday after the company reported better-than-expected third-quarter financial results on Thursday after the market closed and raised its fiscal-year 2026 earnings per share guidance above estimates. Also, the company widened its fiscal-year 2026 revenue guidance above estimates. FedEx shares are powering higher. What’s fueling FDX momentum? Q3 Earnings Top Estimates; Federal Express Segmen…
·New York, United States
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·Düsseldorf, Germany
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Coverage Details
Total News Sources14
Leaning Left0Leaning Right2Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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