FedEx Boosts Forecast as Sweeping Overhaul Gains Traction

The collapse of eFishery, once a promising unicorn in Indonesia's startup ecosystem, has raised concerns among investors, leading to a shift in focus towards financial discipline rather than ambitious promises. This failure reflects broader challenges within the Indonesian market.

FedEx reported its Q2 2026 earnings, surpassing analysts' expectations, which led to a rise in its stock price. The company has raised its adjusted earnings forecast for the fiscal year to a range of $17.80 to $19 per share, indicating strong financial performance.

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FedEx reported a higher second-quarter revenue, driven by an increase in package volumes, prompting the company to raise the lower end of its profit outlook for the fiscal year. This adjustment reflects a positive trend in demand for shipping services despite ongoing challenges in global trade dynamics.

FedEx has raised its adjusted earnings forecast for the fiscal year to a range of $17.80 to $19 per share, increasing the low end of its previous profit estimate. This adjustment positions the midpoint above the average analyst estimate of $18.28 per share, as reported by Bloomberg.