How Should You Play FDX Stock Post Plans of Freight Unit Spinoff?

On Dec. 19, 2024, FedEx Corporation (FDX) reported mixed results for the second quarter of fiscal 2025 (ended Nov. 30), after market close. While the transportation heavyweight reported better-than-expected earnings per share, revenues lagged the Zacks Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.More than the financial numbers, what caught the attention of market watchers was the company’s announcement of plans to spin off the FedEx Freight unit to create two ...