{"id":59970,"date":"2026-03-19T16:38:15","date_gmt":"2026-03-19T20:38:15","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/fedex-surges-on-earnings-beat-and-job-cuts-kalshi-valuation-hits-22-billion\/59970\/"},"modified":"2026-03-19T16:38:15","modified_gmt":"2026-03-19T20:38:15","slug":"fedex-surges-on-earnings-beat-and-job-cuts-kalshi-valuation-hits-22-billion","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fedex-surges-on-earnings-beat-and-job-cuts-kalshi-valuation-hits-22-billion\/59970\/","title":{"rendered":"FedEx Surges on Earnings Beat and Job Cuts; Kalshi Valuation Hits $22 Billion"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>FedEx (<a href=\"\/stock\/FDX\">FDX<\/a>) delivered a massive Q3 earnings beat with Adjusted EPS of $5.25 versus the $4.17 estimate, while simultaneously announcing plans to cut approximately 5,000 operational positions.<\/strong><\/li>\n<li><strong>Prediction market platform Kalshi has reportedly secured a $22 billion valuation in its latest funding round, according to reports from the Wall Street Journal.<\/strong><\/li>\n<li><strong>Major US indices closed in the red as the <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> fell 219 points (-0.47%), while the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> and Nasdaq also posted modest losses.<\/strong><\/li>\n<li><strong>The United States and Japan have entered a strategic agreement to identify and develop critical mineral projects across multiple countries to secure global supply chains.<\/strong><\/li>\n<\/ul>\n<p>FedEx (<a href=\"\/stock\/FDX\">FDX<\/a>) shares are in focus after the logistics giant reported <strong>third-quarter revenue of $24 billion<\/strong>, surpassing analyst estimates of <strong>$23.49 billion<\/strong>. The company\u2019s <strong>Adjusted EPS of $5.25<\/strong> significantly outperformed the expected <strong>$4.17<\/strong>, driven by strong performance in the Federal Express division which saw <strong>$21.15 billion in revenue<\/strong>.<\/p>\n<p>Despite the strong financial performance, FedEx (<a href=\"\/stock\/FDX\">FDX<\/a>) announced a major restructuring effort that may result in the <strong>reduction of approximately 5,000 operational employees<\/strong>. The company expects to incur <strong>pre-tax costs between $225 million and $325 million<\/strong> related to severance, legal fees, and facility exit costs. <em>Management remains optimistic about the long-term efficiency gains, raising its full-year Adjusted EPS guidance to a range of $19.30 to $20.10.<\/em><\/p>\n<p>In the private markets, prediction platform <strong>Kalshi<\/strong> has reportedly reached a staggering <strong>$22 billion valuation<\/strong> in an ongoing funding round. The valuation surge, first reported by the <em>Wall Street Journal<\/em>, highlights the explosive growth of regulated event-contract markets in the U.S. <em>Investors are increasingly betting on the platform&#39;s ability to capture market share as political and economic forecasting becomes a mainstream financial tool.<\/em><\/p>\n<p>Wall Street finished the session on a downward note, with the <strong>Dow Jones Industrial Average<\/strong> unofficially closing down <strong>219.31 points (-0.47%) at 46,005.84<\/strong>. The <strong>S&amp;P 500<\/strong> shed <strong>17.10 points (-0.26%)<\/strong> to finish at <strong>6,607.60<\/strong>, while the <strong>Nasdaq Composite<\/strong> fell <strong>60.28 points (-0.27%)<\/strong> to <strong>22,092.15<\/strong>. <em>Market sentiment appeared weighed down by geopolitical tensions and a cautious outlook ahead of further Federal Reserve transparency.<\/em><\/p>\n<p>On the geopolitical front, the <strong>U.S. Trade Representative (USTR)<\/strong> announced a new partnership with <strong>Japan<\/strong> to develop <strong>critical mineral projects<\/strong>. This initiative aims to diversify supply chains away from dominant single-source providers and ensure the stability of materials essential for the energy transition. <em>The move comes amid heightened tensions regarding Kharg Island, a critical Iranian oil export hub, as the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration maintains a firm standoff with Tehran.<\/em><\/p>\n<p>Finally, the <strong>Federal Reserve<\/strong> released video and materials from its latest Board meeting. While the market continues to digest the central bank&#39;s stance on inflation and interest rates, <em>the release of these materials provides traders with deeper insight into the Fed&#39;s internal deliberations regarding the current economic trajectory.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways FedEx (FDX) delivered a massive Q3 earnings beat with Adjusted EPS of $5.25 versus the $4.17 estimate, while [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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