FedEx Corp. announced on Thursday that its revenue in the second quarter of its fiscal 2025 amounted to $22.0 billion, falling 1% compared to the same period a year earlier and standing below analysts' estimates.
GAAP diluted earnings per share dipped 14.6% year on year in the second trimester to $3.03 and GAAP net income was $740 million. GAAP operating income slumped 18% to $1.05 billion in the three-month period on an annual basis.
"Our second quarter results demonstrate that our efforts to transform our operations are working. The Federal Express segment delivered operating profit growth despite several headwinds, including the continued weak US domestic demand environment as well as the expiration of our US Postal Service contract," FedEx CEO Raj Subramaniam noted.
The company announced its intention to separate FedEx Freight, thus creating two public companies. FedEx's shares jumped 8.78% in after-hours trading after the release of results.
