FedEx Exceeds Quarterly Estimates and Raises Full-Year Guidance
FedEx (FDX) reported third-quarter results that surpassed Wall Street expectations for both revenue and adjusted earnings per share. For the quarter ending September 30, the company posted adjusted EPS of $3.74 against an expected $3.36, with revenue reaching $22.86 billion, beating the projected $22.42 billion. The report marks a significant milestone as it is the first since FedEx realigned its fiscal year-end from May 31 to December 31. Following the successful spin-out of FedEx Freight, CEO Raj Subramaniam noted that higher package yields and volume in the U.S. Express segment drove strong operating results. Encouraged by these results, FedEx raised its full-year adjusted EPS guidance to a range of $18.00–$18.60, up from the previous $16.90–$18.10. Additionally, the company increased its 2026 revenue growth forecast to approximately 12% year-over-year.
Topics: earnings beat fiscal year realignment guidance raise revenue growth
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