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FDX-FEDEX CORP

FedEx Reports Strong Quarterly Earnings and Plans Spin-Off of Freight Business to Boost Shareholder Value

Sunday

22 December, 2024

FedEx's recent quarterly earnings reveal a profit of $741 million, showcasing resilience despite a slight revenue shortfall. With plans to spin off its freight business, is this strategic move the key to unlocking greater shareholder value and operational efficiency?

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69
Key Takeaways
  • FedEx's recent earnings exceeded expectations, showcasing a profit of $741 million despite lower revenue.
  • The spin-off of FedEx Freight is designed to improve focus and growth for both companies.
  • Analysts project full-year earnings between $19 to $20 per share, indicating potential for stock appreciation.
  • The stock has a price target of $310.41, suggesting significant upside potential.
  • Restructuring efforts aim to enhance operational efficiency and boost shareholder value in a competitive landscape.
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