FedEx saw fiscal second-quarter earnings come in slightly above analyst expectations Thursday as the company also announced plans to spin off its freight business into a separate public company with the delivery heavyweight in cost-cutting mode. The company reported Thursday intentions to separate FedEx Freight, creating two publicly traded companies in about 18 months. Meanwhile, FedEx announced Q2 EPS jumped 1.5% to $4.05 while sales totaled $22 billion, declining around 1% compared to a year ago. Read More...
FedEx saw fiscal second-quarter earnings come in slightly above analyst expectations Thursday as the company also announced plans to spin off its freight business into a separate public company with the delivery heavyweight in cost-cutting mode. The company reported Thursday intentions to separate FedEx Freight, creating two publicly traded companies in about 18 months. Meanwhile, FedEx announced Q2 EPS jumped 1.5% to $4.05 while sales totaled $22 billion, declining around 1% compared to a year ago.
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