FedEx (NYSE: FDX) reported Q2 EPS of $4.05, in-line with the analyst estimate of $4.05. Revenue for the quarter came in at $22 billion versus the consensus estimate of $22.17 billion.

GUIDANCE:

FedEx sees FY2025 EPS of $19.00-$20.00, versus the consensus of $19.75.

• Approximately flat revenue year over year, compared to the prior forecast of a low single-digit percentage increase;
• Diluted EPS of $16.45 to $17.45 before the MTM retirement plans accounting adjustments compared to the prior forecast of $17.90 to $18.90 per share; and $19.00 to $20.00 per share after also excluding costs related to business optimization initiatives, compared to the prior forecast of $20.00 to $21.00 per share; and
• ETR of approximately 24.0% prior to the MTM retirement plans accounting adjustments, compared to the prior forecast of approximately 24.5%.
• FedEx is reaffirming its forecast of:
• Permanent cost reductions from the DRIVE transformation program of $2.2 billion; and
• Capital spending of $5.2 billion, with a priority on investments in network optimization and efficiency improvement, including fleet and facility modernization and automation

For earnings history and earnings-related data on FedEx (FDX) click here.