FedEx Freight is trading 15.49% up at $126.22 after its October 29 results beat revenue and profit expectations and projected fourth-quarter profit above analysts’ estimates.
- Reuters said shares surged October 30 as analysts backed growth goals; the outlook cited improving volumes and pricing.
- Yield gains amid a soft LTL market; adjusted operating margin was 14.7%, and management raised transition-period adjusted earnings guidance.
- 2027 growth and margin targets remain aligned with medium-term goals; analysts said longer-term targets were more achievable.