FedEx Lifts Profit Outlook as Network Plan Gains Traction

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FedEx has raised its full-year profit forecast, signaling confidence in its delivery network restructuring despite global economic pressures from the war in Iran and rising energy costs. The company now expects adjusted earnings of $19.30 to $20.10 per share for the fiscal year, surpassing analyst estimates. This optimistic outlook indicates FedEx’s resilience as it proceeds with combining its express air-freight and ground-delivery operations, with the planned freight unit spinoff still on track for June.

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