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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this package delivery company would post earnings of $4.82 per share when it actually produced earnings of $3.60, delivering a surprise of -25.31%.Over the last four quarters, the co ...

FedEx will spin off its freight business into a new publicly traded company.FedEx Freight will separate from FedEx over the next 18 months.Express delivery services have seen slowing demand for their services.FedEx is spinning off its freight arm into a new publicly traded company.Advertisement Called FedEx Freight, the new company will handle large cargo, while FedEx will continue to handle the parcel shipping business that shoppers might be more familiar with as their holiday packages arrive.The separati ...

FedEx (FDX) shares jumped in extended trading Thursday after the shipping giant announced plans to spin off its Freight business as a standalone company. The shipping giant said the process to separate its Freight business will start immediately, and likely be completed within the next 18 months. Ahead of the announcement, Citi analysts said last week that spinning off the Freight business into a standalone company could "unlock value" for the business, but suggested the move might not be the best option i ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED November 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO__________ Commission File Number: 1-15829 FedEx Corporation (Exact name of registrant as specified in its charter) | --- | --- | --- | |---------------- ...

Exhibit 99.1 1 FedEx Reports Second Quarter Diluted EPS of $3.03 and Adjusted Diluted EPS of $4.05 $1 Billion Share Repurchases Completed During Quarter Full-Year Fiscal 2025 Earnings Outlook Revised FedEx Completes FedEx Freight Assessment, Will Pursue Full Separation and Create a New Publicly Traded LTL Company MEMPHIS, Tenn., December 19, 2024 ... FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the item listed b ...

FedEx Corporation FDX will release earnings results for its fiscal second quarter, after the closing bell on Thursday, Dec. 19.Analysts expect the Memphis, Tennessee-based company to report quarterly earnings at $4.06 per share, up from $3.99 per share in the year-ago period. FedEx projects to report revenue of $22.09 billion for the recent quarter, compared to $22.16 billion a year earlier, according to data from Benzinga Pro.FedEx reported disappointing first-quarter results in September with adjusted ear ...

MEMPHIS, TENNESSEE - AUGUST 07: ( EDITORS NOTE: Image taken with a drone.) Aerial view of the FedEx ... [+] signage in the water along the 18th hole prior to the FedEx St. Jude Championship at TPC Southwind on August 7, 2022 in Memphis, Tennessee. (Photo by Ben Jared/PGA TOUR)PGA TOUR 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. The stock is prone to big moves after reporting earnings and can easily gap ...

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. What To Know: FedEx reported disappointing first-quarter results in September with adjusted earnings nearly 25% below consensus estimates. The company cited a mix-shift that trended toward higher volumes of less profitable freight and weakness in its industrial and manufacturing customers. "The soft industrial economy is clearly weighing on the [business-to- ...

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...