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Stock Market & Financial Investment News

News Breaks
December 18, 2012
05:55 EDTFDX, FDX, GIS, GIS, NAV, NAV, PKE, PKECompanies reporting Before the Market Open on Wednesday, December 19
Notable companies reporting before the opening bell include FedEx (FDX), General Mills (GIS),Navistar International (NAV) and Park Electrochemical (PKE).
News For FDX;GIS;NAV;PKE From The Last 14 Days
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June 17, 2015
09:02 EDTFDXFedEx says B2B volume a 'bit soft' for last nine months
Remarking on a question about business-to-business, or B2B, trends, FedEx said volume for B2B for "probably the last nine months" has been a "little bit on the soft side," but added that it is "not seeing anything that would suggest that there's anything going on here." There clearly were some inventory disruptions with the port situation on the West Coast last year, as manifested mainly at peak, but the company thinks "most of that is flushed out now" and FedEx expects fairly normal business levels going forward.
08:58 EDTFDXFedEx says below-consensus Q1 view factored into FY16 EPS guidance
Earlier, FedEx projected FY16 adjusted earnings to be $10.60-$11.10 per diluted share before year-end mark-to-market pension accounting adjustments. On its Q4 call, the company said it expects year-over-year growth in Q1 to be "less than the current consensus" due to higher annual incentive compensation accruals in 1Q16 compared to 15, but noted that the Q1 view is factored into its annual guidance.
08:51 EDTFDXFedEx sees Q1 year-over-year profit growth to be below current consensus
Q1 EPS consensus $2.67. FedEx CFO Alan Graf, said on the company's Q4 earnings call: "Although we don't give quarterly guidance, I'm going to give a little bit for the first quarter here." The company projects "much stronger" profitability growth in the second half of the year, citing the profit improvement initiatives at Express continuing to gain traction throughout the year, Graf said. However, the company expects year-over-year growth in Q1 to be "less than the current consensus" due to higher annual incentive compensation accruals in 1Q16 compared to 15. Capital expenditures are going to increase in FY16 to approximately $4.6B, Graf noted, stating that the increase from FY15 is largely due to a higher investment and continued expansion of the Ground network. "Given Ground's historical high ROIC, investing in network expansion fits our financial objectives as well as our operational objectives," Graf said.
08:41 EDTFDXFedEx lowers U.S. GDP growth view to 2.3% in 2015, 2.9% in 2016
On its Q4 earnings call, FedEx said its annual U.S. GDP forecast is for 2.3% growth in calendar 2015 and for 2.9% growth in calendar 2016. The company expects industrial production growth of 2.2% this year and 3.2% in calendar 2016. FedEx now expects global growth of 2.5% in calendar 2015 and 3% for calendar 2016. On its Q3 earnings call, FedEx said its annual U.S. GDP forecast was 3.1% growth for both calendar 2015 and 2016 and said it expected global growth of 2.8% in calendar 2015 and 3.1% in calendar 2016.
08:38 EDTFDXFedEx Chairman says profit improvement plan on schedule
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07:35 EDTFDXFedEx reports Q4 Freight segment revenue $1.57B
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07:34 EDTFDXFedEx reports Q4 Ground segment revenue $3.57B
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07:33 EDTFDXFedEx reports Q4 Express segment revenue $6.7B
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07:33 EDTFDXFedEx to increase mandatory retirement age for directors to 75 from 72
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07:32 EDTFDXFedEx reports Q4 adjusted EPS $2.66, consensus $2.43
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07:31 EDTFDXFedEx sees FY16 adjusted EPS $10.60-$11.10, consensus $10.88
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07:30 EDTFDXFedEx reports Q4 EPS $2.66, consensus $2.43
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June 16, 2015
15:01 EDTFDXNotable companies reporting before tomorrow's open
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14:20 EDTFDXFedEx June 182.5 straddle priced for 2.7% movement into Q4
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13:49 EDTFDXFedEx technical comments ahead of earnings
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12:22 EDTFDXFedEx June volatility elevated into Q4 and outlook
FedEx June call option implied volatility of 39, July is at 21, October is at 20; compared to its 52-week range of 14 to 29, suggesting large near term price movement into the expected release of Q4 results before the market open on June 17.
11:26 EDTFDXAmazon working on app to crowdsource package delivery, WSJ reports
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11:03 EDTFDXAmazon working on app to crowdsource package delivery, DJ reports
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09:22 EDTGISFDA gives food makers three years to remove partially hydrogenated oils
The FDA announced it has finalized its determination that partially hydrogenated oils, or PHOs, the primary dietary source of artificial trans fat in processed foods, are not “generally recognized as safe” or GRAS for use in human food. Food manufacturers will have three years to remove PHOs from products. In 2013, the FDA made a tentative determination that PHOs could no longer be considered GRAS and is finalizing that determination after considering public comments. The FDA has set a compliance period of three years. This will allow companies to either reformulate products without PHOs and/or petition the FDA to permit specific uses of PHOs. Following the compliance period, no PHOs can be added to human food unless they are otherwise approved by the FDA. Publicly traded food manufacturers include Mondelez (MDLZ), Kraft Foods (KRFT), General Mills (GIS), Hershey (HSY), PepsiCo (PEP), Kellogg (K), ConAgra (CAG) and Campbell Soup (CPB).
08:31 EDTNAVNavistar and AICM enter into manufacturing agreement
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