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00:02FedEx recorded its strongest U.S. market share gains in over 20 years,
00:07driven by domestic expansion, B2B growth, and cross-selling, according to Benzinga.
00:12The company reported adjusted earnings of $5.25 per share,
00:16surpassing Wall Street estimates of $4.17 and rising 16% year-over-year.
00:22The Federal Express segment delivered a $0.76 upside,
00:25while FedEx Freight operating income fell 49% to $134 million.
00:31Management raised fiscal 2026 BPS guidance to $19.30 to $20.10
00:38and expects over $1 billion in cost savings.
00:42FedEx plans to spin off 80.1% of FedEx Freight by June 1st.
00:46Bank of America raised its price forecast to $440 and maintained a buy rating.
00:52For all things money, visit Benzinga.com.
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