FDX-FEDEX CORP

FedEx Shares Surge 12% After Strong Q2 Earnings and Announcement of Spinoff of Freight Business

Thursday

26 December, 2024

FedEx's recent fiscal Q2 earnings exceeded expectations, driving a 12% surge in shares and highlighting a strategic spin-off of its freight business. As the company navigates challenges in the logistics sector, can this bold move truly unlock shareholder value and foster growth for both entities?

article image for FDX

Article Impact Score

0
50
100
Under­perform
Bear­ish
Neu­tral
Bull­ish
Out­perform
96
Key Takeaways
  • FedEx's recent fiscal Q2 earnings exceeded expectations, reporting $4.05 per share.
  • The spin-off of FedEx Freight aims to improve operational focus and shareholder value.
  • Analysts predict a full-year earnings range of $19 to $20 per share, indicating growth potential.
  • An 8.7% after-hours stock increase reflects positive investor sentiment towards FedEx.

Most Read

Join Foliko Premium!

Unlock the entire library of Foliko's Generative AI Investment Research. Plus, get AI powered trading signals and stock price predictions.

Go Premium - 7 Day Free Trial
home-footer-logo

Any content provided on our website is for information purposes only. We do not provide investment advice, nor do we consider ourselves a financial institution. Seek a duly licensed professional for investment advice.