Federal Express (NYSE: FDX) shares rose 5% in Friday morning trading after the cargo airline and end-to-end logistics operator's first-quarter fiscal results exceeded analyst expectations. The company reported adjusted earnings per share of $3.83, beating forecasts that had this figure at $3.59. The airline's net income was an adjusted $910 million, again exceeding analyst expectations. Package volumes moved by the carrier grew around 6%, while FedEx's freight division's performance weakened on lower revenue figures and higher wages .

The company's management guided for full-year 2026 revenue growth of around 4-6% alongside earnings per share (EPS) of $17.20-$19.00, with a midpoint sitting around $18.10, a figure that was roughly in line with consensus expectations. The cargo operator s

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