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FedEx Shares are surging after the company delivered a beat on third quarter earnings and boosted its 2023 fiscal Outlook the delivery giant said it cut more cost this time around after earnings declined to the second straight quarter it posted a slight Miss on revenue and said it will reduce its headcount by 25 000 people by May well get into all the details of FedEx earnings around 9 40 a.m with Bank of Americas senior transportation and analyst Ken hexter