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Stock impact report

FedEx stock pops after earnings beat and guidance hike [Yahoo! Finance]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Yahoo! Finance
FedEx reported adjusted earnings per share of $5.25 for the quarter ended Feb. 28. This figure exceeded the $4.09 to $4.15 expected by analysts, according to CNBC . Revenue reached $24 billion, an 8% increase from $22.2 billion a year earlier. Analysts had estimated revenue between $23.43 billion and $23.49 billion. Management updated the 2026 revenue target to a range of 6.0% to 6.5%, an increase from the earlier goal of 5% to 6%. Annual profit projections were revised upward to between $19.30 and $20.10 per share, surpassing the former $17.80 to $19.00 guidance. The shipping giant trimmed its planned capital expenditures, setting a new cap of $4.1 billion compared to the previous $4.5 billion estimate. Operating results in the Federal Express segment improved due to higher package yields and cost savings from transformation initiatives. In the U.S., package revenue climbed 10%, and export sales from international markets saw an 8% rise, according to The Wall Street Journal . Da Show less Read more
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