FedEx stock continues to soar on Q4 beat, guidance
What caused FedEx stock to soar recently?
FedEx stock soared recently due to better-than-expected earnings in the fiscal fourth quarter, a new $2.5 billion share buyback plan, and raised full-year 2025 guidance. The company also announced plans to explore options for its freight business and continued progress in cost-cutting initiatives.
What was the market reaction to FedEx's full-year forecast?
The market reacted positively to FedEx's full-year forecast, with the company's stock soaring after it topped earnings estimates in the fiscal fourth quarter. The forecast for the full year was a pleasant surprise for investors, as FedEx forecasted profit above consensus and announced a $2.5 billion share buyback plan.
What are FedEx's plans for its freight segment?
FedEx is conducting a strategic review of its freight segment, assessing its role in the company's value-creation plans. The review is expected to be completed by the end of the calendar year. This has led to speculation that FedEx Freight could be sold or spun off, allowing the company to focus on its parcel and logistics business.