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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?
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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.
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