FedEx Stock Surges on Plans To Spin Off Freight Business
FedEx (FDX) shares jumped in extended trading Thursday after the shipping giant announced plans to spin off its Freight business as a standalone company.
FedEx intends to separate FedEx Freight creating two public companies
CNBC's Frank Holland joins 'Closing Bell: Overtime' to report on FedEx's earnings and its plans to separate FedEx frieght, creating two public companies.
FedEx Plans to Spin Off Freight Division, Cuts Forecast
FedEx trimmed its full-year profit forecast and said it plans to spin off its freight division into a separate publicly-traded company within 18 months. Lee Klaskow has more on "Bloomberg The Close.
FedEx shares gain on freight spinoff plan, quarterly earnings beat
FedEx Corp (NYSE:FDX, ETR:FDX) shares surged almost 10% after Thursday's closing bell as the package delivery firm unveiled plans to spin out FedEx Freight into a separate public company and reported an earnings beat for the fiscal second quarter. FedEx announced plans to separate FedEx Freight into a standalone publicly traded company, aiming to unlock significant value for shareholders and establish an industry leader in the less-than-truckload (LTL) sector.
FedEx plans to spin off freight business, and its stock rallies 8%
FedEx seeks to ‘unlock value' for shareholders with FedEx Freight spinoff.
FedEx Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
FedEx Corporation FDX will release earnings results for its fiscal second quarter, after the closing bell on Thursday, Dec. 19.
Earning Preview: What To Expect From FedEx
FedEx is scheduled to report earnings after Thursday's close. The stock hit a record high of $319.90/share in 2021 and is currently trading near $329.
FedEx Charts Flash Bearish Signals Ahead Of Q2 Earnings, Analysts See 26% Upside
FedEx Corp FDX will be reporting its second-quarter earnings on Thursday after market hours.
FedEx Is In Cost Cutting Mode But The 'Pressure Is On' For Q2
FedEx stock has outperformed UPS in 2024. The post FedEx Is In Cost Cutting Mode But The 'Pressure Is On' For Q2 appeared first on Investor's Business Daily.
FedEx Braces For Q2 Earnings: 'One Of The Most Consequential Quarters In Years,' Analyst Says
FedEx Corp. FDX is set to report its fiscal second-quarter results on Thursday after the closing bell and analysts are expecting a decline in earnings.
FedEx Q2 Preview: AI To Power 2025
FedEx shares have dropped over 6% since early July due to inefficiencies compared to competitors like UPS, leading to a lower P/E multiple. Despite underperformance, FedEx is investing in AI to optimize logistics and improve profit margins, with new tools like the Shipment Eligibility Orchestrator. FedEx's DRIVE program aims to enhance efficiency, not just cut costs, making AI integration crucial for future growth and margin expansion.
FedEx's Q2 Earnings Coming Up: Time to Buy, Sell or Hold the Stock?
Here we examine whether FedEx stock is a worthy investment ahead of its second-quarter fiscal 2025 results.
