Core Viewpoint - FedEx shares increased by over 5% in premarket trading following the announcement of stronger-than-expected profit and revenue for its fiscal first quarter [1] Company Summary - FedEx reported a fiscal first quarter that exceeded market expectations in terms of both profit and revenue [1]

Core Insights - Oxford Industries (NYSE: OXM) shares experienced a significant increase in premarket trading following the company's quarterly profit exceeding estimates [2] - The company set a full-year sales target ranging from $1.475 billion to $1.515 billion [2] - CFO K. Grassmyer indicated that sales at Tommy Bahama and Johnny Was are expected to decline, but this will be offset by other factors [2]