FedEx Reinstates 2022 Profit Target, Shares Soar

FedEx Reinstates 2022 Profit Target, Shares Soar
Signage is seen on a FedEx location in Manhattan, New York City, on Sept. 3, 2021. Andrew Kelly/Reuters
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LOS ANGELES—U.S. delivery firm FedEx Corp. 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, were up 5 percent to $250.50 in after-hours trading.