New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 7, 2014
06:17 EDTFDXFedEx added to Focus List at Citigroup
Citigroup added FedEx to its Focus List saying the competitive dynamic in the U.S. small package market has improved in the company's favor. Citi reiterates a Buy rating on FedEx with a $170 price target.
News For FDX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent FDX news | >>
March 20, 2015
06:13 EDTFDXFedEx says paid $1.4B for GENCO, $43M for Bongo international
In its quarterly report with the SEC, FedEx says, "During 3Q15, we acquired two businesses, expanding our portfolio in e-commerce and supply chain solutions. On January 30, we acquired GENCO Distribution System for $1.4B, which was funded using a portion of the proceeds from our January debt issuance. In addition, on December 16, 2014, FedEx acquired Bongo International, LLC for $42M in cash from operations. These acquisitions will allow us to enter new markets, as well as strengthen our current service offerings to existing customers. We expect that the goodwill of $40M associated with our Bongo acquisition will be entirely attributable to our FedEx Express reporting unit. We expect that the goodwill of approximately $1.1B associated with our GENCO acquisition will be primarily attributable to our FedEx Ground and FedEx Express reporting units."
March 19, 2015
07:38 EDTFDXFedEx execution solid, outlook still upbeat, says Oppenheimer
Subscribe for More Information
07:17 EDTFDXFedEx soft Q4 guidance explainable, says UBS
Subscribe for More Information
06:01 EDTFDXFedEx CEO doesn't see Uber as a threat, WSJ reports
FedEx CEO Fred Smith says that while he believes Uber is "terrific," he doesn't see the ride-sharing start-up ever becoming a major threat in package delivery, The Wall Street Journal reports. Reference Link
March 18, 2015
16:26 EDTFDXOn The Fly: Closing Wrap
Subscribe for More Information
12:38 EDTFDXOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday ahead of the conclusion of the Federal Reserve's latest rate setting meeting and the central bank's accompanying announcements. The averages began the session in negative territory and have been range-bound throughout the morning. The Dow was down triple digits once again, making 8 consecutive days that the blue chip index has seen a triple digit move. ECONOMIC EVENTS: In the U.S., the DOE petroleum inventory reports showed a 9.6M barrel rise in crude stocks in the week of March 13, versus expectations for a 4.4M build. The day's big economic news is yet to come, with the Fed's FOMC meeting announcement due at 2:00 pm EDT and Fed Chair Yellen holding a press conference a half hour later. Elsewhere, Prime Minister Benjamin Netanyahu unexpectedly defeated his main challenger in Israelís election and his Likud party appears set to capture more parliament seats. COMPANY NEWS: Shares of FedEx (FDX) slid 2.5% after the shipping giant reported earnings that beat estimates, but revenue that fell short of the consensus forecast, for its third fiscal quarter. FedEx noted that it expects to deliver "record" yearly earnings for the current fiscal year and next fiscal year as well... Oracle (ORCL) shares rose 2.5% after the company's third quarter profits matched expectations and it raised its quarterly dividend 25%. MAJOR MOVERS: Among the notable gainers was Vitesse Semiconductor (VTSS), which jumped 37% after the company agreed to be acquired for $5.28 per share in cash by Microsemi (MSCC). Also higher was Retrophin (RTRX), which rose 28% after the company said it will exercise its right to purchase from Asklepion Pharmaceuticals all worldwide rights, titles, and ownership of Cholbam after the FDA approved the drug for the treatment of pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects and for patients with peroxisomal disorders. Among the noteworthy losers was Willbros Group (WG), which dropped 55% and was downgraded to Underperform at DA Davidson after announcing its earnings report will be delayed and the company is in potential non-compliance with debt covenants. Also lower following their earnings reports were Nektar Therapeutics (NKTR), which fell 15% after the company's Phase III BEACON metastatic breast cancer study missed its primary endpoint. INDEXES: Near midday, the Dow was down 105.02, or 0.59%, to 17,744.06, the Nasdaq was down 12.45, or 0.25%, to 4,924.99, and the S&P 500 was down 7.69, or 0.37%, to 2,066.59.
09:35 EDTFDXFedEx says not defering plane deliveries due to low fuel costs
Subscribe for More Information
09:23 EDTFDXOn The Fly: Pre-market Movers
Subscribe for More Information
09:09 EDTFDXFedEx CFO says 'not ruling out' larger buybacks, currently buying 'steadily'
FedEx CFO Alan Graf said on the company's Q3 call, in response to a question about the company's balance sheet and taking on debt, that he "couldn't help" himself on taking on more debt than needed for Genco since "rates were so good" that FedEx could take advantage of what is in a sense "essentially free equity." Graf added that he is "not ruling out" further, larger buybacks, but at the moment FedEx is "steadily" buying back shares to prevent dilution.
09:03 EDTFDXFedEx says 400K share bought back during Q3
FedEx noted on its Q3 call that it did continue its stock buyback during the quarter and bought 400,000 shares back and that it plans to continue to buyback shares to prevent dilution from compensation programs. The company said its capital plan "remains steady as she goes, with expansion at Ground continuing. Ground's "substantial" CapEx is needed to continue to build automated hubs and satellites to handle the additional traffic that the company is expecting, FedEx executives noted.
08:57 EDTFDXFedEx says too early to talk about significant shifts in trade due to dollar
Subscribe for More Information
08:54 EDTFDXFedEx CFO says company projecting 'record' earnings again for FY16
Subscribe for More Information
08:40 EDTFDXFedEx sees U.S. GDP to grow 3.1% in 2015, 2016
Subscribe for More Information
07:36 EDTFDXFedEx says Ground average daily volume grew 7% in Q3
Subscribe for More Information
07:35 EDTFDXFedEx says expects to deliver 'record' Q4, FY earnings
Subscribe for More Information
07:35 EDTFDXFedEx says share repurchases had 11c y/y positive impact on Q3 EPS
07:33 EDTFDXFedEx CEO says company had 'very successful' peak season
Subscribe for More Information
07:32 EDTFDXFedEx reports Q3 FedEx Express segment revenue $6.66B
Subscribe for More Information
07:31 EDTFDXFedEx sees FY15 EPS $8.80-$8.95, consensus $8.87
Subscribe for More Information
07:30 EDTFDXFedEx reports Q3 EPS $2.01, consensus $1.87
Reports Q3 revenue $11.7B, consensus $11.79B.
1 | 2 | all recent FDX news | >>

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

I agree to the disclaimer & terms of use