FedEx raises its fiscal year 2026 performance guidance

Third quarter Federal Express revenue was $21.15 billions, analysts expected $4.31 billions. Third quarter FedEx Freight revenue was $1.99 billions, analysts expected $2.03 billions. Third quarter adjusted operating profit was $1.62 billions, analysts expected $1.37 billions. Third quarter adjusted operating margin was 6.7%, analysts expected 6.02%. Third quarter adjusted earnings per share (EPS) was $5.25, analysts expected $4.17. Full-year adjusted EPS is expected to be $19.30-20.10, previously the company expected $17.80-19. Full-year capital expenditure is expected to reach $4.1 billions, analysts expected $4.31 billions, previously the company expected $4.5 billions.