Reported about 5 hours ago
FedEx shares rose 5.4% in premarket trading after the company's Q1 results exceeded Wall Street's expectations, driven by robust domestic deliveries and cost-cutting strategies that mitigated declines in international volumes due to tariffs. Analysts were surprised by a 2.2% rise in adjusted profit amid ongoing trade uncertainties, contrasting earlier predictions of a potential profit hit. Overall, daily volumes increased 4% and revenue per package saw a 2% rise, as FedEx adapts to the changing market and prepares for a stronger fiscal forecast for 2026.
Source: YAHOO