From Quartz.

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FedEx shares rose about 8% in pre-market trading Friday after third-quarter results beat estimates and management lifted forecasts, underscoring updated guidance and cost plans.
The FedEx earnings report showed adjusted EPS of $5.25 versus $4.09–$4.15 expected, and revenue of $24 billion topping roughly $23.4–$23.5 billion.
Management raised 2026 revenue growth guidance to 6.0%–6.5% and annual EPS to $19.30–$20.10, while trimming capital expenditures to $4.1 billion.
Executives cited higher package yields and transformation savings, with U.S. package revenue up 10%, international export sales up 8%, average daily volume at 18.5 million, a planned June 1 spin-off of FedEx Freight, and modest Middle East headwinds. #fedex #earningsbeat #stockmarket #revenuegrowth #businessnews

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