FedEx Shares Rise 2% After Earnings Beat And Outlook In Line With Estimates

Core Insights - FedEx shares increased by over 2% following the release of quarterly earnings that exceeded Wall Street expectations and a full-year forecast that aligned with analyst estimates [1][2] Financial Performance - FedEx reported first-quarter earnings of $3.83 per share, surpassing consensus estimates of $3.68, with revenue rising to $22.2 billion, exceeding forecasts of $21.69 billion [2] - For fiscal 2026, the company projected earnings between $17.20 and $19.00 per share, compared to Wall Street's estimate of $18.25, with adjusted EPS guidance between $14.20 and $16.00 [2] Growth and Cost Management - Revenue growth is forecasted at 4% to 6% year-over-year, with capital expenditures set at $4.5 billion, focusing on network optimization and automation [3] - FedEx reduced its expected pension contributions to a maximum of $400 million from a previous estimate of $600 million and maintained an effective tax rate forecast of 25% [3]