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00:02FedEx beat Wall Street's quarterly earnings and revenue expectations
00:06and raised its full-year outlook, according to CNBC.
00:10The company reported quarterly adjusted earnings of $3.74 per share,
00:15beating Wall Street expectations of $3.36.
00:19Revenue reached $22.86 billion, exceeding estimates of $22.42 billion.
00:27FedEx raised its full-year adjusted earnings outlook to $18 to $18.60 per share,
00:34up from its previous forecast of $16.90 to $18.10.
00:40FedEx also increased its 2026 revenue growth forecast to approximately 12%,
00:45compared with its earlier projection of 11%.
00:48U.S. Express operating income increased, driven by higher package yields and volume.
00:54The results mark FedEx's first report under its realigned fiscal year
00:58following the spinoff of FedEx Freight.
01:01Shares fell slightly in extended trading on Wednesday.
01:04For all things money, visit Benzinga.com.
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