FedEx Earnings: NYSE Soars

FedEx Corp reported outperforming third-quarter earnings, with revenue slightly below estimates at $21.7 billion and net income at $879 million. Financial highlights include EPS of $3.51 surpassing estimates, a 19% increase in operating income to $1.24 billion, and plans for a $500 million share repurchase in Q4 and a new $5 billion repurchase program. The full-year outlook projects EPS between $15.65 and $16.65, emphasizing strategic cost reduction initiatives and resilience in a challengin...