FedEx Shares Surge 8% on Freight Spinoff Announcement Despite Lower Full-Year Outlook
FedEx (FDX) stock surged in extended trading Thursday after the company announced plans to spin off its Freight business into a standalone entity. The process will begin immediately and is expected to be finalized within 18 months.
CEO Raj Subramaniam stated, “Through the separation, we believe we will unlock significant value for stockholders. The move will also allow both companies to benefit from enhanced focus and competitiveness.”
Citi analysts had previously speculated that a spinoff could unlock value, though they cautioned it might not be a long-term solution.”
more sites to follow: Rumble the YouTube alternative: https://rumble.com/user/phillyyardyvibes website
FedEx reported fiscal second-quarter revenue of $22 billion, slightly below analysts’ expectations of $22.14 billion and last year’s $22.17 billion. Profits also dropped to $741 million, down from $900 million a year earlier. Adjusted net income, however, came in at $990 million, exceeding analysts’ projections of $976.6 million.
Despite the Freight spinoff announcement, FedEx lowered its full-year outlook, now projecting flat revenue growth compared to earlier predictions of low single-digit percentage growth. It also revised its adjusted earnings per share forecast to $16.45–$17.45, down from $17.90–$18.90.
Following the news, FedEx shares jumped approximately 8% in extended trading and have”
RDDT Stock: Decoding Drivers Ahead of Russell 3000 Inclusion
Reddit’s stock (NYSE: RDDT) is poised for a significant shift as it prepares to join the Russell 3000 Index by the end of June 2025. This inclusion is set to alter its trading
Bitcoin Boosts GameStop’s Treasury by $500M
strategic shift was approved unanimously by GameStop’s board, updating its investment policy to include Bitcoin as a treasury reserve asset.
GameStop Eyes Bitcoin: $1.5B Funding Move Signals Strategic Shift
GameStop (GME) is making headlines with a bold pivot toward cryptocurrency. In March 2025, the company’s board unanimously approved a revised investment policy, greenlighting the use of Bitcoin (BTC) as a treasury reserve asset. To support this strategy, GameStop completed a $1.5 billion convertible senior notes offering. The proceeds are intended for general corporate use,…
Bitcoin Surges to Record Near $110K Amid Wall Street Adoption and Political Support
Bitcoin soared to an all-time high of nearly $110,000 on Wednesday, fueled by a wave of institutional investment, political endorsement, and increasing mainstream legitimacy.
Best AI Penny Stocks: High-Risk, High-Reward Investment Opportunities
When looking for AI stocks under $5, you are generally looking at smaller companies, often with less established revenue streams, smaller market caps, and sometimes unproven business models.
Justin Bieber Denies Diddy Victim Status, Advocates for Survivors Amid Trial
Justin Bieber denies involvement as a victim in Sean ‘Diddy’ Combs’ sex trafficking trial. Get the latest updates on Bieber’s statement, resurfaced 2009 video with Diddy, federal charges against the rapper, and calls for justice for survivors. Read the full report on PEOPLE.”
