FedEx Corporation Surpasses Earnings and Revenue Estimates

FedEx Corporation (NYSE:FDX) reported an earnings per share (EPS) of $3.83, surpassing the estimated$ 3.61 and marking a +4.93% earnings surprise.The company's revenue for the quarter was $22.2 billion, exceeding estimates and reflecting a nearly 3% increase year-over-year.FedEx reinstated its full-year outlook, anticipating revenue growth of 4% to 6%, and highlighted strategic initiatives aimed at cutting costs by$ 1 billion by fiscal 2026.FedEx Corporation, listed on the NYSE under the symbol FDX, is a ma ...