US Stock Market Move | FedEx Corporation (FDX.US) rose more than 2%, revenue outlook far exceeds expectations.

On Friday, FedEx Corporation (FDX.US) rose more than 2%, reaching $232.59. According to reports, FedEx Corporation stated in its first quarter financial report that adjusted earnings per share for fiscal year 2026 are expected to be between $17.20 and $19, slightly lower than the analyst average estimate of $18.25. The company expects revenue to grow by up to 6% this year, far exceeding the analysts' average forecast of 1.2% growth. It is reported that FedEx Corporation has been working to cut billions of dollars in operating costs, including grounding aircraft, closing facilities, and merging some business units. The company has set a cost savings plan of $1 billion for the fiscal year ending in May 2026. These efforts have helped protect profits.