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FedEx beat earnings estimates, raised full-year forecasts, and confirmed June 2026 Freight spin-off.
FedEx reported third-quarter fiscal 2026 results that exceeded expectations, with revenue of $24 billion and adjusted earnings of $5.25 per share, up from $4.13 estimated.
The company raised its full-year 2026 revenue growth outlook to 6%–6.5% and increased its adjusted earnings forecast to $19.30–$20.10 per share.
Strong performance in its Express segment, driven by higher yields and volume, offset challenges in Freight due to spin-off costs and wage pressures.
FedEx reaffirmed its goal of $1 billion in permanent cost savings and confirmed the June 2026 spin-off of FedEx Freight remains on track.
Shares rose 2.78% in after-hours trading.
FedEx superó las estimaciones de ganancias, elevó los pronósticos para todo el año y confirmó la escisión de Freight en junio de 2026.