Strong quarterly results from Micron Technology and FedEx stood out as rare bright spots in a volatile trading week.
FDX's Q3 earnings and revenue increase, and the company boosts its fiscal 2026 outlook as strong package yields and cost cuts drive growth.
Major indexes are down both in the past week and the past month of trading. Only the Russell 2000 is still in the green year to date.
Shares of American logistics and transportation giant FedEx jumped by over 7.6% on Friday after it reported stronger-than-expected third-quarter results and lifted its full-year guidance. The company posted adjusted earnings per share of $5.25 on revenue of $24 billion for its fiscal third quarter, comfortably ahead of Wall Street estimates of $4.15 per share on $23.5 billion in sales.
A strong earnings report and boosted outlook has FedEx stock jumping Friday.
Stocks are on track for a lower open Friday after two straight days of declines for the major indexes amid worries over inflation and how long the Iran war will last; oil prices are down slightly after a volatile session yesterday; FedEx stock is surging after the shipping giant beat estimates and lifted its outlook in its latest quarterly report; Super Micro Computer stock is tumbling after a co-founder was indicted for circumventing export restrictions to sell banned Nvidia chips to Chinese customers; and shares of Nexstar and Tegna are rising on news that their merger received federal approval. Here's what you need to know today.
FedEx Corporation delivered a strong Q3 2026, outperforming SPY with a >25% share price gain over three months. FDX reported a double beat: non-GAAP EPS of $5.25 (exceeding by $1.12) and $24B revenue (over $500M above estimates), up 8.1% YoY. Market reaction to Q3 earnings was positive, reinforcing confidence in FDX's ongoing operational improvements and growth trajectory.
FedEx shares surged about 10% before the bell on Friday, after the package-delivery giant raised its full-year profit forecast and signaled steady shipping demand despite geopolitical tensions and surging fuel costs.
FedEx Corporation (FDX) Q3 2026 Earnings Call Transcript
While the top- and bottom-line numbers for FedEx (FDX) give a sense of how the business performed in the quarter ended February 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
In today's period of global turmoil, the logistics sector is increasingly just trying to get itself, as an industry, from point A to point B, much less the millions of packages shipped each day.
FedEx (FDX) came out with quarterly earnings of $5.25 per share, beating the Zacks Consensus Estimate of $4.14 per share. This compares to earnings of $4.51 per share a year ago.