05:33 AM EDT, 09/19/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

FedEx ( FDX ) shares were up 4.8% in recent premarket activity Friday after the company's fiscal Q1 results rose more than expected.

The company reported fiscal Q1 non-GAAP net income late Thursday of $3.83 per diluted share, up from $3.60 a year ago.

Analysts polled by FactSet expected $3.61.

Revenue for the quarter ended August 31 was $22.24 billion, up from $21.58 billion a year earlier.

Analysts expected $21.65 billion.

For fiscal 2026, FedEx ( FDX ) expects EPS of $14.20 to $16 before the mark-to-market retirement plans accounting adjustments on 4% to 6% revenue growth.

The company also said it remains on track to spin off FedEx Freight by June 2026.