FedEx raises full year outlook after holiday surge
FedEx increased its annual profit guidance to between $19.30 and $20.10 per share. This follows a strong holiday quarter driven by higher pricing and cost cuts.
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FedEx Corporation has raised its full-year profit and revenue forecasts following a strong third-quarter performance bolstered by a surge in holiday deliveries. The logistics leader now expects adjusted earnings for the fiscal year ending May 31 to range between $19.30 and $20.10 per share, an increase from its December projection of $17.80 to $19.00.
