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Story summary
- FedEx announced on February 12, 2026, that its adjusted earnings for the current quarter will exceed Wall Street estimates, with a forecasted earnings per share of $4.01.
- FedEx aims to reach $98 billion in revenue by fiscal 2029, reflecting a 4% compound annual growth rate, excluding the Freight business spinoff.
- FedEx expects third-quarter earnings per share to decline from $4.82 to below $4.01.
- FedEx is undertaking a multiyear restructuring to cut costs and enhance operations.
- Shares rose 1.6% to $372.93 following the announcements.
