FedEx Stock Surges Over 5% as Q1 Earnings Outperform Wall Street Estimates
FedEx Stock Surges Over 5% as Q1 Earnings Outperform Wall Street Estimates FedEx shares climbed more than 5% in after-hours trading on Thursday after the package delivery giant reported fiscal first-quarter earnings that significantly surpassed Wall Street’s expectations. The company demonstrated strong financial performance despite a challenging global trade environment. For the first fiscal quarter, which concluded on August 31, FedEx posted adjusted earnings per share of $3.83, comfortably beating analysts’ estimates of $3.59. Revenue also came in strong at…