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Benzinga

Business

Avi Kapoor

Why FedEx Shares Are Trading Higher By 5%; Here Are 20 Stocks Moving Premarket

FedEx FedEx Corporation

Section,Of,A,Financial,Newspaper,Titled,Key,Movers

Shares of FedEx Corporation (NYSE:FDX) rose sharply in pre-market trading after the company posted better-than-expected financial results for the first quarter of fiscal 2026 on Thursday after the bell.

FedEx expects revenue to be up 4% to 6% on a year-over-year basis in fiscal 2026. The company also reaffirmed plans for permanent cost reductions of $1 billion from structural cost reductions and the advancement of Network 2.0.

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