FedEx Shares Rise After Q3 Double Beat, Outlook Raised Above Estimates

FedEx shares are powering higher. What’s fueling FDX momentum?Q3 Earnings Top Estimates; Federal Express Segment StrengthensFedEx posted adjusted earnings per share of $5.25, beating the consensus estimate of $4.13. In addition, it reported revenue of $24.00 billion, beating the consensus estimate of $23.42 billion.The Federal Express segment delivered improved operating results, supported by stronger U.S. domestic and International Priority package yields, ongoing cost reductions tied to transformation eff ...