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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.
News For FDX From The Last 14 Days
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February 27, 2015
09:58 EDTFDXOn The Fly: Analyst Upgrade Summary
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06:24 EDTFDXFedEx upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded FedEx to Outperform to reflect the shift in capex focus towards U.S. Ground Network capacity, a higher margin business and less capital intensive than Express. The firm expects consolidated margins and ROIC to improve should FDX Ground continue its outsized growth. Price target to $203 from $177.
February 26, 2015
06:35 EDTFDXBoeing, FedEx oppose punishing Gulf airlines for alleged subsidies, Reuters says
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February 24, 2015
06:29 EDTFDXCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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