New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
September 17, 2014
09:10 EDTGIS, FDXOn The Fly: Pre-market Movers
Subscribe for More Information
09:04 EDTFDXFedEx expects to reach goals for profit improvement plan, confident on cost side
Subscribe for More Information
08:58 EDTGISGeneral Mills sees FY15 input cost inflation of 3%
Sees incurring additional restructuring charges this year. Says 55% covered for input cost inflation this year. Sees yearly input cost inflation averaging 4%-5%. Says demand for HMM to offset inflation is not subsiding. Says delivering strong HMM each year. Says could possibly exceed $4B HMM goal by 2020. Sees $100M of cumulative savings from Project Century by FY17, sees material savings beginning in FY16. The company said that the operating environment in several of its markets has grown more challenging, says U.S. retail industry trends "a bit weaker." Says U.S. cereal category continues to be challenged, says returning category to growth will require more product news, better innovation, increased investment. Says wants to renew sales momentum for U.S. yogurt business. Says seeing slowdown in macro environment in China, having some impact on business, but sees Greater China sales growth strengthening in 2H. Says environment for food and beverage companies remain quite challenging. Comments made on the Q1 earnings conference call. General Mills shares are down 1.75% in pre-market trading.
08:54 EDTFDXFedEx expects to spend $1.2B on CapEx in FY15, with 90% for capacity
08:42 EDTFDXFedEx expects EPS, revenue growth assuming stable fuel prices, economic growth
Subscribe for More Information
08:30 EDTGISGeneral Mills sees Annie's deal closing in CY14
General Mills (GIS) says sees Annie's (BNNY) deal accretive in first 12 months after closing. Says on pace to achieve $4B of cumulative savings from 2010-2020. Sees $400M of cumulative savings in FY15. Says top priority for FY15 is accelerating net sales growth. Comments from slides that will be presented on the Q1 earnings conference call.
07:33 EDTFDXFedEx Express reports Q1 revenue of $6.86B, up 4% from a year ago
Subscribe for More Information
07:32 EDTFDXFedEx reaffirms FY15 EPS view $8.50-$9.00, consensus $8.84
The outlook assumes no net year-over-year fuel impact and continued moderate economic growth. The capital spending forecast for fiscal 2015 remains $4.2B. “FedEx reported strong first quarter results, as all three of our transportation segments drove higher revenues and improved profitability year over year,” said Alan B. Graf, Jr., FedEx Corp. executive vice president and CFO. “Our profit improvement programs are progressing as planned and we continue to expect strong earnings growth this year.”
07:31 EDTFDXFedEx says share buybacks benefitted Q1 earnings by 15c per share
Subscribe for More Information
07:31 EDTFDXFedEx reports Q1 EPS $2.10, consensus $1.96
Reports Q1 revenue $11.7B, consensus $11.48B. “FedEx Corp. is off to an outstanding start in fiscal 2015, thanks to very strong performance at FedEx Ground, solid volume and revenue increases at FedEx Freight and healthy growth in U.S. domestic volume at FedEx Express,” said Frederick W. Smith, FedEx Corp. chairman, president and CEO. “More customers are relying on FedEx because they appreciate the competitive advantages provided by our broad portfolio of solutions.”
07:08 EDTGISGeneral Mills reports $14M restructuring expense during Q1
General Mills recently announced a restructuring plan to combine certain Yoplait and General Mills operational facilities in the company's International segment. Restructuring expense of $14M associated with this project was recorded in Q1 and is being excluded from adjusted diluted EPS. The project is expected to generate cost savings of approximately $3M in FY15 and a cumulative $12M by fiscal 2017.
07:00 EDTGISGeneral Mills backs FY15 EPS growth view up at a high single-digit rate
General Mills CEO Ken Powell said, "Our number one objective in FY15 continues to be accelerating our topline growth. At the same time, we know we must always be working to reduce costs, streamline operations and improve efficiency across our worldwide business. We've got strong plans for both of these efforts. General Mills reiterated its full-year growth targets for 2015. Net sales are expected to grow at a mid single-digit rate in constant currency, including contribution of a 53rd week in this fiscal year. Segment operating profit also is targeted to grow at a mid single-digit rate in constant currency. Benefit of the extra fiscal week will be reinvested to support increased advertising and digital media initiatives, along with project expenses related to several key FY16 product launches. Adjusted diluted EPS is expected to grow at a high single-digit rate in constant currency. At current exchange rates the company estimates a 2c headwind from currency translation in 2015."
06:57 EDTGISGeneral Mills reports Q1 adjusted EPS 61c, consensus 69c
Subscribe for More Information
06:46 EDTGISGeneral Mills downgraded at Societe Generale
As previously reported, Societe Generale downgraded General Mills to Sell from Hold. The firm said General Mills' FY high single digit EPS growth target relies on the core U.S. retail unit accelerating significantly from here, which will be difficult given structural challenges Price target lowered to $50 from $53.
06:32 EDTGISGeneral Mills downgraded to Sell from Hold at Societe Generale
Subscribe for More Information
September 16, 2014
17:02 EDTFDXFedEx subsidiaries to increase shipping rates in 2015
Subscribe for More Information
16:00 EDTFDXFedEx technical comments ahead of results
Shares have outperformed in the last three months, trading up over 10%. The trading range in the same period has been contained between $146 at the low and $155 at the top, the latter being close to the life high. On stronger than expected news, the shares could easily top life highs, opening up a range of $156 to $165 depending on the degree of positive surprise. Without resistance, there may be room for an upside surprise in price. If the shares break the low at $146, the technical picture for the stock could change considerably. A break below $145 would put the current uptrend in jeopardy. Additional supports below are at $140.27 and $135.49 on an extreme move lower.
15:14 EDTFDX, GISNotable companies reporting before tomorrow's open
Subscribe for More Information
14:40 EDTGISGeneral Mills September volatility elevated into Q1 and outlook
General Mills September call option implied volatility is at 31, October is at 17, January is at 15; compared to its 26-week average of 15 according to Track Data, suggesting large near term price movement into the expected release of Q1 results before the market open on September 17.
14:39 EDTFDXFedEx September 155 straddle priced for 3% move into Q1
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use