FedEx stock jumps on earnings beat, $5B share buyback

) posted better-than-expected third-quarter earnings. Adjusted earnings per share of $3.86 per share topped the Street estimate of $3.46. Revenue of $21.7 billion was just shy of the $22.05 billion estimate. The postal courier and cargo operator's stock is seeing a boost in Thursday's after-hours trading. FedEx's board has approved a new $5 billion share buyback program.

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