Reasons for the rise in FedEx's stock price today

FedEx's first quarter performance in fiscal 2026 exceeded expectations, with adjusted earnings per share of $3.83, lower than expected $3.59; revenue was $22.24 billion, lower than expected $21.66 billion. Operating margins rose to 6% from 5.2% a year ago, driven by cost cuts and a 6% increase in U.S. domestic business volume. The company predicts revenue growth of 4%-6% for the full year, with adjusted earnings per share between $17.20 and $19.00.