05:00 PM EST, 12/19/2024 (MT Newswires) -- FedEx ( FDX ) late Thursday reported fiscal Q2 adjusted earnings of $4.05 per share, up from $3.99 a year ago.

Analysts polled by FactSet, on average, had expected $4.01.

Sales for the quarter ended Nov. 30 fell to $22 billion from $22.2 billion a year ago.

Analysts expected $22.1 billion.

For fiscal 2025, the logistics and deliveries company is expecting adjusted EPS of $19 to $20, cutting its outlook for the second quarter in a row. FedEx ( FDX ) in September said it was projecting non-GAAP net income of $20 and $21 for fiscal 2025.

It also sees revenue this year flat compared with prior-year levels, down from its prior guidance expecting growth in the low single-percentage digits.

Analysts have been expecting for $19.44 adjusted EPS and $88.43 billion in sales, respectively.

Separately, the company disclosed plans to spin off its FedEx Freight business through the capital markets sometime over the next 18 months, adding it has retained Goldman Sachs to assist with the process.

FedEx ( FDX ) shares were climbing about 8% in after-hours activity.