0945 ET - FedEx reports F3Q results substantially ahead of expectations, Stifel analysts say in a research note. The beat was fueled by higher revenue per package both domestically and internationally, and by a higher volume of packages in the U.S. The shipping company is also benefiting from cost cutting related to the company's ongoing turnaround plan, the analysts say, as it prepares to spin off its Freight business in June. FedEx additionally raises its outlook. "While the increase mostly captures this quarter's beat, we think it was also a healthy indication of confidence in the earnings trajectory," the analysts write. "Middle East conflict seems less of a concern than we'd anticipated, but is something we'll monitor closely." Shares rise 2.4%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

March 20, 2026 09:45 ET (13:45 GMT)

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