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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:30 EDTFDXFedEx reports Q3 EPS $1.23, consensus $1.46
Reports Q3 revenue $11.3B, consensus $11.43B. Unusually severe winter storms throughout the quarter disrupted operations, decreasing shipping volume and increasing costs, and impacted year-over-year operating income by an estimated $125 million. Last year’s third quarter results were impacted by business realignment costs totaling $47 million, primarily related to the company’s voluntary buyout program for eligible U.S. officers and managing directors.
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February 9, 2016
07:45 EDTFDXUPS, FedEx face limited risk from Amazon initiative, says Bernstein
After Amazon (AMZN) launched a network of 23 sortation centers, Bernstein says that Amazon is carrying out postal injection operations, not building a ground delivery system. Moreover, Amazon's postal injection system is inferior to those of FedEx and UPS, and can only operate in the most dense areas, according to Bernstein, The firm keeps an Outperform rating on UPS and a Market Perform rating on FedEx.
February 2, 2016
05:50 EDTFDXBrazil approves FedEx's proposed acquisition of TNT Express, Reuters says
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January 27, 2016
07:43 EDTFDXStephens says FedEx among favorites names over next 12-24 months
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January 26, 2016
17:13 EDTFDXFedEx announces new 25M share repurchase program
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