Overview
- Adjusted EPS reached $5.25 on revenue of $24.0 billion, topping estimates of roughly $4.09–$4.13 and $23.4 billion.
- Full‑year guidance rose to $19.30–$20.10 in adjusted EPS with revenue growth now projected at 6.0%–6.5%.
- Express posted higher yields and U.S. volumes with ongoing cost cuts, while Freight weakened from separation costs, lower shipments and higher wages, and the Freight spin‑off remains set for June 1.
- Management now expects Network 2.0 savings to exceed $1 billion and trimmed planned capital spending to about $4.1 billion.
- Shares jumped roughly 9%–10% after the report as FedEx absorbed MD‑11 replacement costs and targets a return of that fleet by end‑May, while monitoring fuel prices and Middle East routing risks.