FedEx Corporation (NYSE:FDX ) Q2 2025 Results Conference Call December 19, 2024 5:30 PM ET Company Participants Jeni Hollander - VP of IR Raj Subramaniam - President and CEO Brie Carere - EVP and Chief Customer Officer John Dietrich - EVP and CFO Conference Call Participants Chris Wetherbee - Wells Fargo Ken Hoexter - Bank of America Ari Rosa - Citigroup Jordan Alliger - Goldman Sachs Daniel Imbro - Stephens Inc Jason Seidl - TD Cowen Conor Cunningham - Melius Research Brian Ossenbeck - JPMorgan Brandon Oglenski - Barclays Bruce Chan - Stifel Jon Chappell - Evercore ISI Scott Group - Wolfe Research Tom Wadewitz - UBS David Vernon - Bernstein Operator Good day, and welcome to the FedEx Fiscal Year 2025 Second Quarter Earnings Call. All participants are in a listen-only mode.
FedEx CEO Raj Subramaniam joins 'Mad Money' host Jim Cramer to talk quarterly results, spinning off its freight business, impact of potential tariffs and more.
While the top- and bottom-line numbers for FedEx (FDX) give a sense of how the business performed in the quarter ended November 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Results were nowhere near as bad as they were yesterday, but only the Dow had modestly positive numbers.
FedEx CEO Raj Subramaniam said his company can do well even if there is a supply chain shakeup. President-elect Donald Trump has threatened to drastically hike import tariffs for several countries, especially China, and these moves would likely disrupt global supply chains.
FedEx (FDX) came out with quarterly earnings of $4.05 per share, beating the Zacks Consensus Estimate of $3.90 per share. This compares to earnings of $3.99 per share a year ago.
FedEx will spin off its freight business into a new publicly traded company. FedEx Freight will separate from FedEx over the next 18 months.
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FedEx (FDX) shares jumped in extended trading Thursday after the shipping giant announced plans to spin off its Freight business as a standalone company.
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 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 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.