FedEx Stock Pops as Shipping Giant Reinstates Its Full-Year Outlook
1. FedEx reinstated its full-year outlook boosting investor confidence. 2. Shares fell 20% prior, due to reduced shipping demand concerns. 3. FedEx expects 4%-6% revenue growth exceeding analyst forecasts. 4. Strong Q1 results with EPS of $3.83 beat expectations. 5. Cost reduction and freight business spin-off are strategically highlighted.