U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Friday.Shares of Micron Technology, Inc. MU fell sharply in today's pre-market trading following second-quarter results.Micron reported second-quarter revenue of $8.05 billion, beating the consensus estimate of $7.89 billion. Total revenue was up from $5.82 billion on a year-over-year basis. The company reported second-quarter adjusted earnings of $1.56 per share, beating analyst estimates of $1.42 per share, accor ...

Financial Data and Key Metrics Changes - Revenue increased by 2% year-over-year for the first time this fiscal year, reaching a total of $XX billion [7] - Adjusted operating income grew by 12% compared to last year, with $600 million in DRIVE savings achieved in the quarter [8][22] - Adjusted EPS growth was reported at 17% [41] Business Line Data and Key Metrics Changes - Federal Express saw a revenue increase of 3%, driven by higher volume in deferred services [27] - FedEx Freight experienced a 5% revenue decline due to lower volumes and fuel surcharges [27] - Overall volume trends improved, with a 5% growth in Federal Express package volume [28] Market Data and Key Metrics Changes - Nearly 75% of revenue comes from U.S. domestic services, with 10% from non-U.S. intra-country or intra-regional services [12] - International export package volumes increased by 8% due to growth in the international economy [29] - Average daily pounds for international priority freight increased by 3% [30] Company Strategy and Development Direction - The company is focused on creating a more flexible, efficient, and intelligent network, with plans to optimize 45 more U.S. stations in Q4 [14] - The DRIVE initiative aims for a total of $2.2 billion in savings for FY '25, with a total of $4 billion from the FY '23 baseline [13] - The acquisition of RouteSmart Technologies is expected to enhance route optimization and operational efficiency [20] Management's Comments on Operating Environment and Future Outlook - The current environment adds uncertainty to demand, particularly in the industrial economy, which continues to pressure higher-margin B2B volumes [9] - The company is lowering its FY '25 adjusted EPS outlook to $18 to $18.60 due to inflationary pressures and uncertain demand [18][48] - Management remains confident in the long-term value creation from transformation initiatives like DRIVE and Network 2.0% [23] Other Important Information - The company completed approximately $500 million in share repurchases in Q3, with a target of returning $3.8 billion to shareholders in FY '25 [55] - Capital expenditures for FY '25 are now projected at $4.9 billion, down from $5.2 billion last year [55] - The company is on track to fully separate FedEx Freight, with a separation management office established [58] Q&A Session Summary Question: Impact of inflation on guidance change - Management indicated that inflation has been a consistent factor affecting guidance, particularly regarding wages and operational costs [65] Question: FedEx's exposure to de minimis shipments - Management stated they are operationally prepared for changes related to de minimis shipments and are working closely with customers to adapt [70][72] Question: Outlook for fiscal '26 - Management refrained from providing specific guidance but emphasized a focus on profitable growth and the annualization of DRIVE benefits [76][78] Question: Update on dedicated sales force - The dedicated sales team is being built to enhance expertise in LTL and improve coverage for small and medium customers [90] Question: Network 2.0% productivity benefits - Management reported solid service levels and a goal of a 10% reduction in B&D costs with the rollout of Network 2.0% [96] Question: LTL margins outlook - Management expressed confidence in LTL margins rebounding once the B2B business improves, focusing on quality growth [100] Question: Pricing environment and customer feedback - Management noted that the pricing environment remains rational, with customers anticipating price increases due to inflation [115]

FedEx (FDX) reported $22.16 billion in revenue for the quarter ended February 2025, representing a year-over-year increase of 2.1%. EPS of $4.51 for the same period compares to $3.86 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $21.89 billion, representing a surprise of +1.25%. The company delivered an EPS surprise of -3.01%, with the consensus EPS estimate being $4.65.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

FedEx Corporation Fiscal Third Quarter 2025 Earnings | March 20, 2025 VP of Investor Relations 2 2 1 1 4 2 Forward-Looking Statements and Non-GAAP Financial Measures 3 4 Certain statements in this presentation may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act, such as statements regarding expected cost savings, the optimization of our network through Network 2.0, the planned tax-free spin-off of the FedEx Freight business into a new independent p ...

Economic Outlook - FedEx revised its financial outlook downward due to "continued weakness and uncertainty" in the US industrial sector [1][4] - The CEO indicated that freight and business-to-business demand were less soft in the third quarter compared to the previous period, but not enough to support the company's December guidance [1] Financial Performance - CFO John Dietrich stated that the macro environment is not expected to significantly improve, at least for the first half of 2026 [2] - FedEx shares fell approximately 5% in after-hours trading following the announcement [2][4] Cost Management - The company highlighted several cost-cutting and efficiency initiatives to counter economic headwinds, including the impact of reduced revenue from the end of a contract with the US Postal Service [2] Customer Behavior - FedEx's chief customer officer noted that customers have largely not chosen to ship goods early to avoid new import charges, with only one customer attempting it and regretting the decision due to excess inventory [3] - There are indications that higher prices may be forthcoming, as many customers are anticipating price increases or have already implemented them [3]

FedEx (FDX) came out with quarterly earnings of $4.51 per share, missing the Zacks Consensus Estimate of $4.65 per share. This compares to earnings of $3.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.01%. A quarter ago, it was expected that this package delivery company would post earnings of $3.90 per share when it actually produced earnings of $4.05, delivering a surprise of 3.85%.Over the last four quarters, the com ...

FedEx reported solid revenue growth in its fiscal 2025 third quarter, but fell slightly short of earnings per share expectations.FedEx (FDX -0.57%), the global shipping and logistics company, released its earnings report for the third quarter of its fiscal 2025 on March 20. The company reported a slight miss on adjusted earnings per share (EPS), posting $4.51 against an expected $4.56. However, it achieved commendable year-over-year growth of 16.8% from $3.86 in the prior-year period. Revenue of $22.2 billi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED February 28, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO__________ Commission File Number: 1-15829 FedEx Corporation (Exact name of registrant as specified in its charter) Delaware 62-1721435 (State or other j ...

Exhibit 99.1 FedEx Reports Third Quarter Diluted EPS of $3.76 and Adjusted Diluted EPS of $4.51 Delivered Revenue, Operating Income, and EPS Growth Completed $500 Million Share Repurchases During Quarter Revises Full-Year Fiscal 2025 Earnings Outlook Progresses FedEx Freight Spin-off Preparation MEMPHIS, Tenn., March 20, 2025 ... FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the third quarter ended February 28 (adjusted measures exclude the items listed below): | | Fiscal 202 ...

WAYNE, Pa., March 20, 2025 (GLOBE NEWSWIRE) -- Elemica, a global leader of digital supply chain management solutions and the premier multi-enterprise collaboration network for process manufacturing industries, proudly announces its achievement of FedEx’s Compatible Platinum Tier—a top recognition within the FedEx Compatible program. This prestigious designation places ProcessWeaver by Elemica among the top FedEx-integrated solutions, recognizing its advanced capabilities in shipping automation, real-time tr ...