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FedEx Stock Pops as Shipping Giant Reinstates Its Full-Year Outlook

FedEx said it expects 4% to 6% revenue growth this fiscal year, above analysts' estimates as compiled by Visible Alpha. Its forecast for adjusted earnings per share, a range of 17.20to17.20 to 19, was roughly in line with projections at the midpoint. FedEx also said it's on track to reduce costs by 1billioninfiscal2026andspinoffitsfreightbusinessbynextJune,Thecompanyloggedstrongerthanexpectedresultsinitsfiscalfirstquarter.Itpostedadjustedearningspershareof1 billion in fiscal 2026 and spin off its freight business by next June, The company logged stronger-than-expected results in its fiscal first quarter. It posted adjusted earnings per share of 3.83 on revenue that c ...