FedEx Stock Soars After Announcing Freight Spin Off; Mixed Q2 Earnings.

Autor:	NORTON, KIT (AUTHOR)
Předmět:	FEDEX Freight Corp., QUARTERLY reports, CORPORATE profits, BUSINESS revenue, PUBLIC companies, EARNINGS forecasting, ASSET-liability management
Zdroj:	Investors Business Daily. 12/19/2024, pN.PAG-N.PAG. 1p.
Abstrakt:	FedEx reported slightly better-than-expected fiscal second-quarter earnings and announced plans to spin off its freight business into a separate public company. The company aims to reduce costs by $4 billion by the end of its current fiscal year. FedEx stock surged around 10% after the announcement, and the company revised its fiscal 2025 revenue and earnings forecasts. Additionally, FedEx stock has outperformed United Parcel Service (UPS) in 2024. [Extracted from the article]
Databáze:	Regional Business News
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