Company news: FedEx’s (FDX) quarterly earnings beat analysts’ estimates

FedEx (FDX) reported Q2 FY2025 earnings of $4.05 per share (versus $3.99 per share in Q2 FY2024), beating analysts’ consensus estimate of $4.01 per share.

The company’s quarterly revenues amounted to $22.000 bln (-0.7% y/y), slightly missing analysts’ consensus estimate of $22.140 bln.

The company also lowered its guidance for FY2025. It now sees EPS of $19.00-20.00 versus its prior guidance of $20.00-21.00 and analysts’ consensus estimate of $19.44 and revenues of ~flat y/y versus its prior forecast of a low single-digit percentage increase y/y and analysts’ consensus estimate of $88.43 bln.

In addition, FedEx said it had concluded a comprehensive assessment of the role of FedEx Freight and had decided to pursue a full separation of FedEx Freight through the capital markets, creating a new publicly traded company.

FDX rose to $300.89 (+9.07%) in pre-market trading.