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FedEx Tops Q3 Estimates
Description
FedEx crushed Q3 estimates with $5.25 EPS and $24B revenue vs. expectations of $4.13 and $23.42B. The company raised FY2026 revenue growth guidance to 6–6.5% and EPS outlook to $19.30–$20.10, above the $18.70 estimate. The Freight segment spinoff remains on track for June 1. Shares jumped 7.39% to $382.43 in premarket.
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