FedEx Corp. (FDX) shares are progressing more than 8 percent on Friday morning trade after the company raised its earnings forecast for the full year. Reports said that the company is planning to recover inflation through cost-cutting. The shares have been on an uptrend since March 15.
Looking ahead to the fiscal year the company expects earnings in a range of $13.80-$14.40 per share, up from its previous forecast was $12.50 - $13.50 per share.
Currently, shares are at $219.71, up 7.73 percent from the previous close of $204.05 on a volume of 4,219,863.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.