ADVFN - Advanced Financial Network.
HOME» NYSE » F » FDX Stock Price » FDX Stock News

Fedex Share News

 Fedex Corp Stock Price
FDX Stock Price
 Fedex Corp Stock Chart
FDX Stock Chart
 Fedex Corp Stock News
FDX Stock News
 Fedex Corp Company Information
FDX Company Information
 Fedex Corp Stock Trades
FDX Stock Trades

FedEx 3Q Profit Surges On Strong Holiday Shipping, Ground Business

DOW JONES NEWSWIRES FedEx Corp.'s (FDX) fiscal third-quarter earnings more than doubled from a year earlier in a period the shipping company said hosted record holiday package shipping. The company's role in transporting everything from holiday gifts to electronics from China makes it a closely watched gauge on the health of the global economy. The ground shipping division has been a strong performer for FedEx in recent quarters, helping to ease the impact of weaker corporate demand for the company's air cargo services, particularly on its routes from Asia. For the quarter ended Feb. 29, FedEx reported a profit of $521 million, up sharply from a year-earlier profit of $231 million. Per-share earnings rose to $1.65 from 73 cents a year ago. Stripping out items like costs tied to the combination of the company's FedEx Freight and FedEx National LTL operations, per-share earnings rose to $1.55 from 81 cents. The company's December forecast called for earnings of $1.25 to $1.45 a share. Revenue rose 9% to $10.56 billion, just shy of the $10.6 billion estimate held by analysts polled by Thomson Reuters. Operating margin widened to 7.7% from 4.1%. The express-shipping business--by far the largest top-line contributor--saw revenue rise 8% to $6.54 billion, helping to drive a 96% improvement in the segment's operating profit. Daily package volume fell 4% in the U.S. and 1% abroad. Meanwhile, the ground-shipping business posted an 14% jump in revenue to $2.48 billion. Operating profit was up 43%. Volume grew 5%, driven by increases in FedEx Home Delivery services as well as the business-to-business market. Pointing to the current quarter, the company forecast earnings of $1.75 to $2 a share, bracketing the $1.98 a share currently expected by analysts polled by Thomson Reuters. Shares closed Wednesday at $95.82 and were unchanged in premarket trade. The stock is up 15% since the start of the year. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Fedex (FDX)
DateTimeHeadline
04/11/201414:03:05Investigators Seek Cause of Collision Between FedEx Truck and...
03/19/201416:00:34MARKET SNAPSHOT: U.S. Stocks Sell Off On Yellen's Comments
03/19/201414:43:36MARKET SNAPSHOT: U.S. Stocks Fall After Fed Decision
03/19/201412:43:11MARKET SNAPSHOT: U.S. Stocks Flat Ahead Of Fed Meeting
03/19/201412:20:35MARKET SNAPSHOT: U.S. Stocks Down Slightly Ahead Of Fed Meeting
03/19/201412:13:11U.S. Hot Stocks: Hot Stocks to Watch
03/16/201415:04:43MARKET SNAPSHOT: Stocks To Stay Volatile As Ukraine Game Plays...
03/14/201417:59:10UPS to Raise Some Shipping Rates 4.4%
03/03/201409:30:27FedEx to Raise Freight Shipping Rates
03/03/201409:20:19FedEx to Raise Freight Shipping Rates 3.9%
02/18/201419:37:15Obama Sets Deadline for Higher Fuel Standards for Freight Trucks...
02/12/201416:09:26Atlas Air Sees Slide in Pentagon Flying
01/30/201417:20:25Private Lawsuit Alleges Northrop Grumman Defrauded U.S. of $62...
01/23/201420:28:17Delivery Companies Face Issues With Shipments to Individuals...
01/23/201417:22:37Delivery Companies Face Issues With Shipments to Individuals...
01/23/201416:17:52Delivery Companies Face Issues With Shipments to Individuals...
01/23/201415:23:39Some Delivery Companies Halt Individual Customer Service to Russia...
12/30/201318:27:12New York City Sues FedEx Over Cigarette Shipments, Seeks $52...
12/18/201316:02:22MARKET SNAPSHOT: U.S. Stocks Soar As Fed Scales Back Stimulus
12/18/201315:13:54MARKET SNAPSHOT: U.S. Stocks Jump On Fed Announcement

Fedex and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad