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.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you.
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.
FedEx seeks to ‘unlock value' for shareholders with FedEx Freight spinoff.
FedEx Corporation FDX will release earnings results for its fiscal second quarter, after the closing bell on Thursday, Dec. 19.