FedEx shares rise 7 percent on higher profit forecast
FedEx shares rose 7 percent after the company raised its profit forecast and beat quarterly estimates. Investors cheered steady demand despite global risks.
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Shares of FedEx Corporation surged approximately 7% in pre-market trading on Friday as investors welcomed the company's upgraded full-year profit outlook. The package-delivery giant, often viewed as a bellwether for global trade, signaled that shipping demand remains resilient despite the challenges posed by geopolitical instability and rising fuel costs.
