FedEx Stock (FDX) Surges After Upbeat Profit Guidance
FedEx shares rallied sharply after the logistics giant raised its quarterly earnings forecast, projecting EPS above $4.05 versus analyst expectations of $4.02. The bullish guidance, delivered by CFO John Dietrich at the Baird Industrials Conference, comes as the company enters the critical holiday shipping season.
While the positive outlook lifted shares across the sector—including competitor UPS—both companies face operational challenges. A recent grounding of McDonnell Douglas MD-11 cargo planes, following Boeing's safety recommendation after a fatal crash, threatens to strain shipping capacity during peak demand periods.