FDX

MEMPHIS, Tenn., July 10, 2026--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) ("FedEx") today announced the early results of its previously announced cash tender offers (each, an "Offer" and, collectively, the "Offers") for its validly tendered (and not validly withdrawn) notes set forth below (collectively, the "Notes"). The Offers are being made pursuant to an Offer to Purchase, dated June 25, 2026 (the "Offer to Purchase"), which sets forth a description of the terms of the Offers. The following table summarizes certain information regarding the Notes that were validly tendered and not validly withdrawn in the Offers as of 5:00 p.m., New York City time, on July 9, 2026 (the "Early Tender Time"). Withdrawal rights for the Offers expired at 5:00 p.m., New York City time, on July 9, 2026 (the "Withdrawal Deadline") and, accordingly, any Notes that were validly tendered in the Offers may no longer be withdrawn except where additional withdrawal rights are required by law. The consideration to be paid for the Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Offers will be determined at 10:00 a.m., New York City time, on July 10, 2026 (the "Price Determination Time") in the manner described in the Offer to Purchase by reference to the applicable fixed spread specified on the front cover of the Offer to Purchase for each series of Notes over the applicable yield to the maturity date or par call date, as applicable, based on the bid-side price of the applicable U.S. Treasury Security (the "Reference Treasury Security") specified on the front cover of the Offer to Purchase in the column entitled "Reference U.S. Treasury Security." Each holder who validly tendered and did not validly withdraw its Notes at or prior to the Early Tender Time and whose Notes are accepted for purchase will be entitled to receive the applicable "Total Consideration," which includes an early tender premium of $30 per $1,000 principal amount of Notes so tendered and accepted for purchase (the "Early Tender Premium"). The Early Tender Premium will be included in the Total Consideration for each series of Notes, and will not constitute an additional or increased payment. In addition, in each case, holders whose Notes are accepted for purchase will receive accrued and unpaid interest on their Notes up to, but excluding, July 14, 2026 (the "Early Settlemen...

FedEx is guiding for a major profit acceleration, but on its latest earnings call, analysts pressed hard on whether the growth is real or just a story of well-timed costs. FedEx (FDX) stock has returned a stunning 65.0% over the past year, and on its latest call, the company gave bulls more to cheer about, guiding for 20% adjusted EPS growth through the end of the calendar year. Yet the analyst Q&A heavily focused on a persistent question over the quality of that growth, probing whether it was driven by operational leverage or largely influenced by one-time cost rolling off and the transition in the reporting calendar. The skepticism centered on the quarter’s profitability. With revenue growing at a solid mid-teens rate, why were incremental margins so low? This is the kind of gap that signals costs might be eating the growth. One analyst tried to “square incremental margins of only 8% on very solid mid-teens revenue growth,” a direct challenge to the quality of the earnings. Management’s answer pointed to a significant headwind from variable incentive compensation. The CEO also noted that if you took the mathematical effect of higher fuel surcharges out of the equation, which boost revenue but not profit, the company’s margin would have been up year-over-year. The explanation was mechanical, but it highlighted how much of the profit picture is being shaped by factors other than core operational leverage. That skepticism carried over to the company’s strong forward guidance, with analysts questioning whether the sharp profit acceleration came from a booming underlying business or simply from a big, temporary cost falling out of the year-over-year comparison. The question was put directly: is the forecast a function of business momentum or just the timing of incentive comp? The CFO’s response was candid, confirming that timing is a major factor. Of an expected $800 million variable compensation headwind for the year, most has already been incurred, with “only $100 million of this headwind” remaining. While the CFO stressed that underlying business momentum remains strong, the answer confirms a large part of the guided acceleration comes from the absence of a prior-period cost. So, what did we learn? Management explained the lumpy profit cadence by pointing to specific, and mostly temporary, items. But the call left a major cost challenge in plain sight, creat...

PITTSBURGH, July 08, 2026--(BUSINESS WIRE)--Aurora Innovation, Inc. (NASDAQ: AUR) today announced it will release second quarter 2026 results after market close on July 29, 2026 and will host a business review conference call that day at 5:00 p.m. Eastern time. The conference call will be webcast on Aurora’s investor relations website at ir.aurora.tech. A replay of the webcast will be available for 30 days following the call. About Aurora Aurora (Nasdaq: AUR) is delivering the benefits of self-driving technology safely, quickly, and broadly to make transportation safer, increasingly accessible, and more reliable and efficient than ever before. The Aurora Driver is a self-driving system designed to operate multiple vehicle types, from freight-hauling trucks to ride-hailing passenger vehicles, and underpins Aurora’s driver as a service product for trucking. Aurora is working with industry leaders across the transportation ecosystem, including AUMOVIO, FedEx, Hirschbach, McLane, NVIDIA, PACCAR, Ryder, Schneider, Toyota, Uber, Uber Freight, Volvo Trucks, Volvo Autonomous Solutions, and Werner. To learn more, visit aurora.tech. Aurora OverviewAurora Press Kit View source version on businesswire.com: https://www.businesswire.com/news/home/20260708287511/en/ Contacts Investor Relations:Stacy [email protected] Media:[email protected]

Chicago, IL – June 29, 2026 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes JPMorgan JPM, Micron Technologies MU, FedEx FDX, Nike NKE, Constellation Brands STZ. Total S&P 500 earnings are expected to increase by +23.7% in the June quarter from the same period last year, on +11.4% higher revenues. The revisions trend remains positive, as we have experienced in the last two quarters as well. Aggregate earnings estimates for the S&P 500 index have steadily moved higher since the quarter got underway in April. Q2 earnings estimates have increased for 5 of the 16 Zacks sectors since the quarter got underway, which offset negative revisions at the remaining 11 sectors. The Energy sector has enjoyed the most obvious earnings outlook upgrade, with aggregate earnings estimates for the sector up more than +90% since the start of April. Earnings for the Zacks Energy sector are currently expected to increase by +126.9% from the year-earlier period. Other sectors enjoying favorable estimate revisions include Tech, Basic Materials, Utilities and Business Services. Excluding the positive revisions to either the Energy or Tech sectors, the aggregate Q2 revisions trend would have been negative. Of the 11 sectors whose estimates have been under pressure since the start of April, the ones experiencing the most negative revisions are Transportation, Medical, Consumer Discretionary, Autos and Construction. The revisions trend for full-year 2026 is even more positive than we noted in the case of Q2, with estimates for 11 of the 16 Zacks sectors going up since the start of March. The Energy, Tech and Basic Materials sectors are the most notable beneficiaries of an improving earnings outlook, but estimates have increased across the board. The sectors that have suffered negative estimate revisions since the start of March are Transportation, Autos, Consumer Discretionary, Consumer Staples and Medical. The Q2 earnings season will really get going when JPMorgan and other major banks come out with their quarterly results on July 14th. But officially, the Q2 reporting cycle has already started, as companies with fiscal quarters ending in May have been reporting quarterly results in recent days, and those fiscal May-quarter reports get counted as part of the June-quarter tally. Through Friday, June 26th, we have seen such fiscal Ma...

Total S&P 500 earnings are expected to increase by +23.7% in the June quarter from the same period last year, on +11.4% higher revenues. The chart below shows the Q2 earnings and revenue growth expectations in the context of where growth has been in the preceding four quarters and what is expected in the coming three quarters: Image Source: Zacks Investment Research The revisions trend remains positive, as we have experienced in the last two quarters as well. Aggregate earnings estimates for the S&P 500 index have steadily moved higher since the quarter got underway in April, as the chart below shows: Image Source: Zacks Investment Research Q2 earnings estimates have increased for 5 of the 16 Zacks sectors since the quarter got underway, which offset negative revisions at the remaining 11 sectors. The Energy sector has enjoyed the most obvious earnings outlook upgrade, with aggregate earnings estimates for the sector up more than +90% since the start of April. Earnings for the Zacks Energy sector are currently expected to increase by +126.9% from the year-earlier period. Other sectors enjoying favorable estimate revisions include Tech, Basic Materials, Utilities and Business Services.Excluding the positive revisions to either the Energy or Tech sectors, the aggregate Q2 revisions trend would have been negative.Of the 11 sectors whose estimates have been under pressure since the start of April, the ones experiencing the most negative revisions are Transportation, Medical, Consumer Discretionary, Autos and Construction.The chart below shows the overall earnings picture on a calendar-year basis: Image Source: Zacks Investment Research The revisions trend for full-year 2026 is even more positive than we noted in the case of Q2, with estimates for 11 of the 16 Zacks sectors going up since the start of March. The Energy, Tech and Basic Materials sectors are the most notable beneficiaries of an improving earnings outlook, but estimates have increased across the board. The sectors that have suffered negative estimate revisions since the start of March are Transportation, Autos, Consumer Discretionary, Consumer Staples and Medical. The chart below shows how full-year 2026 aggregate earnings estimates have evolved over the past year: Image Source: Zacks Investment Research The Q2 earnings season will really get going when JPMorgan JPM and other major banks come out wi...

FedEx Freight reported its first earnings as a standalone public company on Thursday, posting a steep drop in quarterly operating income that was largely driven by costs tied to its separation from FedEx Corporation. The fourth quarter ending May 31 saw operating income decline to $158 million, a 66.9% year-over-year drop, with $205 million in spinoff-related charges weighing heavily on the result. Stripping out those charges, adjusted operating income totaled $363 million, down roughly 24%. On the top line, a 4.8% gain brought revenue to $2.4 billion, with fuel surcharges and heavier average shipment weights providing the lift, even as volume declined 5.9%. For the full fiscal year, operating income dropped 58.6% to $616 million, while revenue slipped 1.1% to $8.8 billion, the company said. FedEx Freight stock beat analyst expectations for revenue in the quarter. Against a consensus forecast of just under $2.3 billion, the quarter's $2.4 billion revenue figure cleared the bar, while adjusted operating income of $363 million outpaced the $333 million analysts had expected, Barron's reported. FedEx Freight stock was roughly flat in after-hours trading. "As a newly independent public company, we are moving forward with a clear strategy focused on profitable growth and service differentiation," CEO John Smith said in a statement. Along with the results, FedEx Freight issued guidance for a seven-month transition period running from June 1 through Dec. 31, 2026, reflecting a shift to a calendar fiscal year. For that transition window, the company projected top-line growth of 4% to 6% against the prior-year comparable period, along with adjusted earnings per share in a $2.40 to $2.60 range, a figure that strips out separation-related charges and their associated tax impacts. Speaking on an earnings call, Smith told analysts the company has set its sights on industries such as data center construction, grocery distribution, and healthcare — segments that historically represented a limited share of its customer base. "We're transitioning to the hunting phase to go after new business," he told Transport Topics. FedEx Freight, North America's largest less-than-truckload carrier, began trading on the New York Stock Exchange on June 1 after completing its spinoff from FedEx Corporation. As Quartz previously reported on FedEx's final earnings that included the freight se...

Achieved Record-Low Department of Transportation (DOT) Preventable Accident Performance, Underscoring Commitment to Safety Above All Completed Spin-off from FedEx Corp. and Began Trading as an Independent Company on June 1, 2026 Introduces Guidance for Seven-Month Transition Period Ending December 31, 2026 MEMPHIS, Tenn., June 25, 2026--(BUSINESS WIRE)--FedEx Freight (NYSE: FDXF) today reported segmented financial results for the fourth quarter and full fiscal year ended May 31, 2026, as previously released by FedEx Corporation. "FedEx Freight delivered a solid quarter reflecting the resilience of our business, the dedication of our team members, and the value we provide customers across North America," said John Smith, president and chief executive officer, FedEx Freight. "As a newly independent public company, we are moving forward with a clear strategy focused on profitable growth and service differentiation. We have full confidence in our outstanding people, unmatched network, and ability to create meaningful long-term value for shareholders." Fourth quarter and full-year fiscal 2026 results included herein are as reported in the FedEx Freight segment results of FedEx Corporation and not presented on a carve-out basis. See "Non-GAAP Financial Measures" below for reconciliations of and additional information regarding non-GAAP financial measures. Fourth Quarter Fiscal 2026 Highlights Compared to Prior Year Revenue was $2.4 billion, a 4.8% increase Operating income was $158 million, a 66.9% decrease; adjusted operating income was $363 million, a 23.9% decrease Operating margin of 6.6% and adjusted operating margin of 15.1% compared to an operating margin of 20.8% Average daily shipments of 86.7 thousand, a 5.9% decrease Revenue per shipment of $415.22, an 11.5% increase Weight per shipment of 948 pounds, a 3.0% increase Revenue per hundredweight of $43.79, an 8.2% increase Full Fiscal 2026 Highlights Compared to Prior Year Revenue was $8.8 billion, a 1.1% decrease Operating income was $616 million, a 58.6% decrease; adjusted operating income was $1.1 billion, a 25.6% decrease Operating margin of 7.0% and adjusted operating margin of 12.6% compared to an operating margin of 16.7% Fourth Quarter Fiscal 2026 Financial Summary FedEx Freight Segment revenue increased 4.8% year-over-year in the fourth quarter of fiscal 2026. The increase was primarily driven by...

FedEx Freight which spun off from FedEx on June 1, beat analyst expectations for revenue in its first earnings report as a standalone company. Its fourth-quarter revenue came in at $2.4 billion, ahead of analyst estimates just shy of $2.3 billion. FedEx Freight focuses on less-than-truckload (LTL) deliveries to industrial customers that don’t need a full truck to send items short distances.

FedEx (FDX) shares fell early Wednesday after the company provided a calendar-year earnings outlook

US stock futures were mostly trending higher on Wednesday as markets looked to recover from the prev

FedEx CorporationFDX reported solid fourth-quarter fiscal 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Quarterly earnings (excluding 29 cents from non-recurring items) of $6.31 per share beat the Zacks Consensus Estimate of $5.91 as well as improved 3.9% year over year. The company’s bottom line benefited from share repurchase activity. Revenues of $25.0 billion came ahead of the Zacks Consensus Estimate of $24.1 billion and improved 12.5% from the year-ago fiscal quarter’s reported figure. FedEx Corporation price-consensus-eps-surprise-chart | FedEx Corporation Quote Apart from the better-than-expected results, FDX has also raised its full-year fiscal 2026 guidance for revenues and earnings. For fiscal 2026, FedEx now expects revenue growth to be up almost 11% on a year-over-year basis (prior view: up 6-6.5%). Earnings per share (EPS) are now anticipated to be between $16.55 and $17.75 before the MTM retirement plans accounting adjustments compared with the prior guidance of $16.05-$16.85. Operating income, on a reported basis, increased 3.4% to $2.09 billion from the year-ago fiscal quarter’s reported number. Operating margin fell to 8.4% from 9.1% in the year-ago reported quarter. Operating income improved in the fiscal fourth quarter on the back of continued strength in U.S. Domestic and International Priority package yields, cost savings from transformation initiatives and increased U.S. domestic and international export package volume. Operating expenses (reported basis) increased 15% to $23.4 billion. Raj Subramaniam, FDX president and chief executive officer, stated, “Team FedEx delivered an impressive finish to a strong fiscal year, providing excellent service to our customers and successfully executing on our transformation initiatives. Our- more -profitable growth strategy is working. We are building momentum across our global industrial network, driving structural improvements and winning in high-value growth markets. With the successful spin-off of FedEx Freight, we are entering this next chapter positioned to grow while further optimizing our network, lowering our cost to serve, creating meaningful long-term value, and driving robust free cash flow.” In January 2025, FedEx’s board of directors announced a change in the company’s fiscal year-end from May 31 to Dec. 31. The fiscal year change became eff...

FedEx easily beat revenue estimates for its fiscal fourth quarter after Tuesday's market close, its first report after executing a momentous structural transformation. The restructuring included spinning off FedEx Freight, its less-than-truckload business, earlier this month. Late Tuesday, FedEx posted Q4 earnings of $6.31 per share, vs. $6.07 a year ago, on revenue of $25 billion.