US Stocks Surged | FedEx (FDX.US) Rises Over 2% Revenue Outlook Far Exceeds Expectations

According to the Wisdom Finance APP, on Friday, FedEx (FDX.US) rose more than 2% to $232.59. It is reported that in the first quarter financial report statement, FedEx stated that adjusted earnings per share for fiscal 2026 are expected to reach $17.20 to $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 analyst's average forecast of 1.2%. It was reported that FedEx has been working hard to cut billions of dollars in operating costs, including grounding aircraft, closing facilities, and merging some business units. The company has set a $1 billion cost savings plan for the fiscal year ending May 2026. These efforts have helped protect profits.