FedEx Sees Annual Profit Above Expectations as Quarterly Earnings Rise
FedEx said third-quarter net profit rose 28% year over year, citing improved pricing, higher shipment volumes and cost savings. It expects annual profit to exceed expectations.
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08:12:54 PM UTC
SquawkNews
FedEx NYSE:FDX forecast annual profit above estimates on Wednesday after it reported a 28% rise in third-quarter earnings, led by improved pricing, higher volumes and cost-saving efforts.The Memphis-based company expects 2026 adjusted profit in the range of $18-$18.60 per share, above analysts' exp…