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FedEx
on Thursday outlined projected revenue growth over the next three fiscal years that it says will be powered by digital innovation and new business lines in Europe.
The company said adjusted earnings for its third quarter are expected to exceed Wall Street estimates due to an “exceptional” holiday season and that by fiscal year 2029, the company will see higher annual revenue.
FedEx announced its latest outlook during the company’s investor day held in Memphis, Tennessee. As of Wednesday, Wall Street was forecasting third-quarter earnings per share of $3.99, according to consensus estimates compiled by LSEG.
