CNBC: FedEx reinstates 2022 profit target, shares jump

– U.S. delivery firm FedEx reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits ahead of the peak holiday season when the number of packages it handles often doubles.

– Shares in the company, which also reported flat year-over-year adjusted profit for the fiscal second quarter, jumped 6% to $253.00 in after-hours trading.

U.S. delivery firm FedEx reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits ahead of the peak holiday season when the number of packages it handles often doubles.

Shares in the company, which also reported flat year-over-year adjusted profit for the fiscal second quarter, jumped 6% to $253.00 in after-hours trading.

Memphis, Tennessee-based FedEx now expects full-year earnings, excluding items, of $20.50 to $21.50, as it had first forecast. In September, FedEx lowered its per-share forecast range to $19.75 to $21.00 per share…

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