The Takeaways From FedEx's Raised Profit Forecast
Market Intelligence Analysis
AI-PoweredFedEx has raised its profit forecast for the fiscal year, with adjusted earnings expected to be between $17.80 and $19 per share, surpassing analyst estimates.
Market impact analysis based on bullish sentiment with 73% confidence.
Article Context
FedEx said adjusted earnings will be $17.80 to $19 a share for the fiscal year, the courier said in a statement, raising the low end of its prior profit forecast. The midpoint of that range is higher than the $18.28 per share average analyst estimate compiled by Bloomberg. Thomas Black, a Bloomberg Opinion columnist, has more on "Bloomberg The Close." (Source: Bloomberg)
Analysis and insights provided by AnalystMarkets AI.