FedEx Corp (NYSE:FDX, XETRA:FDX) reported better-than-expected results for the fiscal third quarter, sending its shares about 1% higher afterhours.
Revenue of $24 billion was up from $22.2 billion in the year-ago period, beating estimates of about $23.5 billion.
Earnings per share of $4.41 were down from $5.25 in the year-ago quarter, but beat estimates of $4.12.
“Team FedEx delivered another quarter of strong financial results and excellent service for our customers, powered by disciplined operational execution, the resilience of our global network, and the accelerating impact of our advanced digital solutions,” FedEx CEO Raj Subramaniam said in a statement.
Alongside the results, FedEx raised its full-year outlook, pointing to stronger revenue growth and improved profitability expectations. The company now expects fiscal 2026 revenue to grow between 6.0% and 6.5% year-over-year, compared with its previous forecast of 5% to 6%.
FedEx also lifted its earnings guidance, projecting diluted earnings per share of $16.05 to $16.85 before mark-to-market (MTM) retirement plan accounting adjustments, up from a prior range of $14.80 to $16.
On an adjusted basis, which excludes MTM impacts as well as costs tied to the planned FedEx Freight spin-off, business optimization initiatives, a fiscal year-end change, and an international regulatory matter, the company expects EPS of $19.30 to $20.10, compared with its previous outlook of $17.80 to $19.