FedEx up after posting higher quarterly profit, raising annual forecast

Shares of FedEx FDX.N rise 2.6% to $294.60 after the bell

FDX reports Q2 adj. profit of $1.14 billion, or $4.82 per share, up from $990 million, or $4.05 per share, a year ago

Company now sees annual profit per share between $17.80 and $19, raising lower end of its previous $17.20 to $19 forecast range

FDX lifts 2026 revenue outlook, expecting between 5% to 6% year-over-year growth, vs earlier forecast of 4% to 6%

Stock had risen 2% YTD