FedEx’s head of its tech department is leaving the company after a monthslong investigation into claims that his unit was inflating its performance, according to a report.Sriram Krishnasamy, the company’s chief digital and information officer, and FedEx had “mutually agreed” that he would immediately step down from his role, according to a securities filing late Thursday.The longtime executive, who started at FedEx in 1997, will stay with the company as an executive adviser through October or potentially ea ...

Core Insights - FedEx is facing challenges but is at the bottom of its decline as its turnaround and optimization strategy gains traction [1] - The planned spin-off of the freight segment is progressing well, with increasing package volume in the core Express segment and improved profitability [2] - The company has a robust capital return outlook, trading at a low valuation with a reliable dividend yield [3] Financial Performance - In fiscal Q4 2025, FedEx reported revenue of $22.2 billion, a 0.5% increase year-over-year, driven by the core Express segment [5] - The Freight segment saw a 3.8% decline, representing about 10% of total business [5] - The company achieved $2.2 billion in DRIVE-related savings and a 5.2% increase in operating income, with adjusted earnings of $6.07, up 12% year-over-year [6] Guidance and Market Sentiment - FedEx issued mixed guidance for Q2, forecasting flat to 2% revenue growth but a weaker earnings forecast of $3.70, which is $0.35 below consensus [7] - Despite the weak earnings forecast, growth is expected to accelerate compared to revenue, with capital return remaining safe [8] - Analysts have mixed responses to FedEx's Q4 results, with a 12-month stock price forecast averaging $285.75, indicating a potential upside of 28.68% [10] Shareholder Returns - FedEx has consistently increased its dividend payments, with a payout ratio suggesting sustainable double-digit growth [4] - Share buybacks have reduced the share count by 4.5% in F2025, enhancing per-share distribution [4] - Institutions own about 85% of FedEx stock, providing a strong support base as they continue to buy [11]

Core Viewpoint - FedEx Corporation's shares fell 5.96% in after-market trading due to concerns over volatile global demand and uncertainty regarding U.S. trade policies, particularly with China, despite reporting strong fourth-quarter fiscal 2025 results [1][9]. Financial Performance - FedEx's quarterly earnings of $6.07 per share exceeded the Zacks Consensus Estimate of $5.93, marking a 12.2% year-over-year improvement [2]. - Revenues reached $22.2 billion, surpassing the Zacks Consensus Estimate of $21.7 billion and reflecting a 0.5% increase from the previous year [2]. - Operating income increased by 15% to $1.79 billion, with operating margin rising to 8.1% from 7% year-over-year [3]. Cost Management - The quarterly results benefited from cost reductions due to the DRIVE program, increased volume at Federal Express, and higher base yield across transportation segments [3]. - Operating expenses decreased by 1% to $20.4 billion [4]. Segment Performance - FedEx Express segment revenues grew 1% year-over-year to $18.9 billion, supported by cost reductions and increased export volume [7]. - FedEx Freight revenues fell 4% year-over-year to $2.29 billion, impacted by lower fuel surcharges and increased costs [8]. Shareholder Returns - FedEx returned approximately $4.3 billion to shareholders in fiscal 2025, including $3 billion in share repurchases and $1.3 billion in dividends [12]. - The company plans to continue its robust share repurchase program and has announced a 5% dividend increase [15]. Future Outlook - For the first quarter of fiscal 2026, FedEx anticipates revenue growth of flat to 2% year-over-year, with diluted EPS expected between $2.90 and $3.50 [13]. - For the full year, FedEx expects permanent cost reductions of $1 billion from transformation programs and plans capital spending of $4.5 billion focused on efficiency improvements [14].

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Wednesday.Shares of FedEx Corporation FDX fell sharply in today's pre-market trading following soft first-quarter guidance.FedEx reported fourth-quarter revenue of $22.2 billion, beating analyst estimates of $21.84 billion, according to Benzinga Pro. The company reported fourth-quarter adjusted earnings of $6.07 per share, beating analyst estimates of $5.87 per share.FedEx expects first-quarter adjusted earnings to be be ...

Core Viewpoint - BingEx Limited, a leading on-demand dedicated courier service provider in China, reported its unaudited financial results for Q1 2025, highlighting a strategic focus on enhancing service quality and expanding market penetration, particularly in lower-tier cities [1][3]. Financial Performance - Revenues for Q1 2025 were RMB 960.8 million (US$ 132.4 million), a decrease from RMB 1,107.7 million in Q1 2024, primarily due to a decline in order volume amid intensified market competition [4][8]. - Gross profit was RMB 126.7 million (US$ 17.5 million), compared to RMB 130.3 million in the same period of 2024, with a gross profit margin of 13.2%, up from 11.8% year-over-year [5][8]. - The company reported a net loss of RMB 10.3 million (US$ 1.4 million) in Q1 2025, a significant decline from a net income of RMB 64.6 million in Q1 2024 [10][11]. Operating Expenses - Total operating expenses increased by 27.0% to RMB 116.7 million (US$ 16.1 million) from RMB 91.9 million in Q1 2024 [5]. - Selling and marketing expenses rose by 10.0% to RMB 49.3 million (US$ 6.8 million), attributed to higher share-based compensation and staff costs [6]. - General and administrative expenses surged by 46.9% to RMB 37.9 million (US$ 5.2 million), mainly due to increased professional fees and share-based compensation [7]. Operational Metrics - The number of orders fulfilled in Q1 2025 was 58.0 million [8]. - Cash and cash equivalents, along with restricted cash and short-term investments, totaled RMB 787.2 million (US$ 108.5 million) as of March 31, 2025 [12]. Strategic Focus - The company emphasized a user-centric approach to deepen understanding of diverse user needs and preferences, while exploring innovative cross-industry collaborations to enhance brand awareness [3]. - The commitment to advancing the on-demand, dedicated courier model aims to deliver a more convenient and reliable experience to a broader user base [3].

Group 1 - BingEx Limited will report its first quarter 2025 unaudited financial results on May 22, 2025, before the U.S. market opens [1] - An earnings conference call is scheduled for May 22, 2025, at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) to discuss the results [1] - Participants must pre-register for the conference call to receive dial-in numbers and a personal PIN [2] Group 2 - BingEx Limited is a pioneer in providing on-demand dedicated courier services in China, branded as "FlashEx" [3] - The company focuses on superior time certainty, delivery safety, and service quality for both individual and business customers [3] - BingEx aims to enhance people's lives through its services and is committed to delivering a superior customer experience [3]

Core Viewpoint - BingEx Limited, a leading on-demand dedicated courier services provider in China, is set to report its fourth quarter and fiscal year 2024 unaudited financial results on March 12, 2025, before U.S. market opening [1] Group 1 - The earnings conference call will take place on March 12, 2025, at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) to discuss the financial results [1] - Participants must pre-register for the conference call to receive dial-in numbers and a personal PIN [2] - A live webcast of the conference call will be available on the company's investor relations website, with a replay accessible after the session [2] Group 2 - BingEx Limited is recognized as a pioneer in providing on-demand dedicated courier services in China, branded as "FlashEx" [3] - The company emphasizes superior time certainty, delivery safety, and service quality in its offerings [3] - BingEx aims to enhance people's lives through its services and is committed to delivering a superior customer experience [3]