FedEx is getting more upbeat about the year — despite surging fuel costs

FedEx said it expects slightly better sales and profits for the year, and shares rose in after-hours trading on the modest upside to guidance. Management warned the Iran war could cause larger shipping disruptions and push fuel costs higher, posing a downside risk to margins despite the improved outlook.

Analysis

FedEx said it expects slightly better sales and profits for the year, and shares rose in after-hours trading on the modest upside to guidance. Management warned the Iran war could cause larger shipping disruptions and push fuel costs higher, posing a downside risk to margins despite the improved outlook.