FedEx Corporation
- FedEx Corp. increased 6.8% to $294.30 after the parcel delivery company reported its quarterly results and announced spinning off its freight business.
Revenue in the fiscal second quarter was flat at $21.96 billion from $22.16 billion; net income edged down to $741 million from $900 million, and diluted earnings per share eased to $3.03 from $3.55 a year ago.
The company repurchased 3.7 million of its own shares for $1 billion in the quarter, and about $3.1 billion remained available under the current stock repurchase program.
FedEx said it plans to separate its freight business as a publicly listed company and complete the transaction over the next 18 months.
The parcel delivery company estimated fiscal 2025 revenue to be flat compared to the previous estimate of an increase in single-digit percentage.
The company estimated diluted earnings per share before the retirement plan-related adjustments. between $16.45 and $17.45, compared to the previous estimate between $19.0 and $20.0.
Dec 20, 2024 - FedEx Corp. increased 6.8% to $294.30 after the parcel delivery company reported its quarterly results and announced spinning off its freight business.
Revenue in the fiscal second quarter was flat at $21.96 billion from $22.16 billion; net income edged down to $741 million from $900 million, and diluted earnings per share eased to $3.03 from $3.55 a year ago.
The company repurchased 3.7 million of its own shares for $1 billion in the quarter, and about $3.1 billion remained available under the current stock repurchase program.
FedEx said it plans to separate its freight business as a publicly listed company and complete the transaction over the next 18 months.
The parcel delivery company estimated fiscal 2025 revenue to be flat compared to the previous estimate of an increase in single-digit percentage.
The company estimated diluted earnings per share before the retirement plan-related adjustments. between $16.45 and $17.45, compared to the previous estimate between $19.0 and $20.0.
Dec 20, 2024 - FedEx jumped 11.6% to $295.58 after the parcel delivery company reported better-than-expected quarterly results.
Net revenue in the fiscal third quarter ending in January declined to $21.7 billion from $22.2 billion, net income rose to $879 million from $771 million, and diluted earnings per share rose to $3.51 from $3.05 a year ago.
The logistics company guided fiscal 2024 revenue to decline in a low-single-digit percentage and earnings per diluted share between $15.65 and $16.65 before the mark-to-market retirement plan monthly adjustments.
The company also completed the purchase of 4.1 million shares for $1.0 billion in the quarter, and the board of directors approved another $5 billion stock buyback plan, in addition to the remaining $0.6 billion available in the previously authorized plan in 2021.
FedEx expects to repurchase an additional $500 million of common stock during the fiscal fourth quarter, which will bring the fiscal 2024 buyback total to $2.5 billion.
Mar 23, 2024 - FedEx dropped 11.1% to $248.85 after the parcel delivery company reported mixed quarterly results and an estimated annual revenue outlook that fell short of investors' expectations.
Revenue in the fiscal second quarter ending in November decreased to $22.2 billion from $22.8 billion. Net income edged up to $900 million from $788 million, and diluted earnings per share rose to $3.55 from $3.07 a year ago.
The company estimated full-year revenue to decline by a "low-single-digit" percentage compared to the prior estimate of flat revenue growth.
The company estimated full-year diluted earnings per share to range between $15.35 and $16.85 before mark-to-market retirement plans accounting adjustment and between $17.0 and $18.50 excluding costs related to business optimization initiatives.
Dec 20, 2023 - FedEx Corp increased 4.6% to $262.09 after the parcel delivery company reported better-than-expected quarterly results and earnings rose despite the decline in revenue.
Revenue in the fiscal first quarter ending in August declined 7% to $21.6 billion from $23.6 billion and net income jumped 23% to $1.0 billion from $875 million and diluted earnings per share rose 27% to $4.23 from $3.33 from a year ago.
Sep 21, 2023
| Year | Aug | Nov | Feb | May | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 3.05 | 6.03 | 4.23 | 3.55 | - | |
| 2022 | 4.2 | 2.16 | 3.33 | 3.07 | 15.48 | |
| 2021 | 3.3 | 6.88 | 4.09 | 3.88 | 14.33 | |
| 2020 | 1.2 | -1.27 | 4.72 | 4.55 | 19.45 | |
| 2019 | 2.8 | -7.38 | 2.84 | 2.13 | 4.9 | |
| 2018 | 7.59 | 4.17 | 3.1 | 3.51 | 2.03 | |
| 2017 | 2.35 | 4.25 | 2.51 | 3.18 | 12.29 | |
| 2016 | 2.51 | - | 2.90 | 2.80 | 8.21 | |
| 2015 | 2.01 | 2.66 | 2.42 | 2.58 | 9.67 | |
| 2014 | 2.26 | 2.31 | 1.23 | 3.15 | 7.48 | |
| 2013 | 1.53 | 1.57 | 1.13 | 4.58 | 8.55 | |
| 2012 | 1.45 | 1.39 | 1.65 | 1.73 | 6.41 | |
| 2011 | 1.46 | 1.57 | 0.73 | 1.75 | 4.57 | |
| 2010 | 1.20 | 0.89 | 0.76 | 1.32 | 3.76 | |
| 2009 | 0.58 | 1.10 | 0.31 | -2.81 | 0.31 | |
| 2008 | 1.23 | 1.58 | 1.26 | -0.78 | 3.6 | |
| 2007 | 1.58 | 1.54 | 1.35 | 1.96 | 6.48 | |
| 2006 | 1.53 | 1.64 | 1.38 | 1.82 | 5.83 | |
| 2005 | 1.10 | 1.53 | 1.03 | 1.46 | 4.72 |