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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

272.18USD
18 Jan 2018
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$0.69 (+0.25%)
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Latest Key Developments (Source: Significant Developments)

Fedex Realigns Specialty Logistics And E-Commerce Solutions
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Fedex Corp ::FEDEX REALIGNS SPECIALTY LOGISTICS AND E-COMMERCE SOLUTIONS.FEDEX - REALIGNMENT, BEGINNING MARCH 1, 2018, OF ITS SPECIALTY LOGISTICS AND E-COMMERCE SOLUTIONS IN A NEW STRUCTURE UNDER FEDEX TRADE NETWORKS, INC..FEDEX- FEDEX SUPPLY CHAIN RESULTS,FEDEX CUSTOM CRITICAL RESULTS, WILL BE REPORTED WITH FEDEX TRADE NETWORKS IN FEDEX EXPRESS SEGMENT EFFECTIVE MARCH 1.FEDEX - NEW CO CALLED FEDEX FORWARD DEPOTS WITH RESPONSIBILITY FOR CRITICAL INVENTORY & SERVICE PARTS LOGISTICS, 3-D PRINTING, REPAIR CENTER.  Full Article

Fedex Q2 Earnings Per Share $2.84
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Fedex Corp ::REPORTS HIGHER SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $3.18.Q2 EARNINGS PER SHARE $2.84.Q2 EARNINGS PER SHARE VIEW $2.89 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 EARNINGS PER SHARE $11.45 TO $12.05 EXCLUDING ITEMS.FULL-YEAR EARNINGS OUTLOOK INCREASED.UNABLE TO FORECAST FISCAL 2018 YEAR-END MARK-TO-MARKET (MTM) PENSION ACCOUNTING ADJUSTMENTS. COMPANY IS UNABLE TO PROVIDE FISCAL 2018 EARNINGS OR EFFECTIVE TAX RATE (ETR) GUIDANCE ON A GAAP BASIS.QTRLY GAAP REVENUE $16.3 BILLION VERSUS $14.9 BILLION.- FISCAL 2018 ETR FORECAST IS NOW 33% TO 34% BEFORE YEAR-END MTM PENSION ACCOUNTING ADJUSTMENTS.QTRLY FEDEX GROUND SEGMENT REVENUE OF $4.93 BILLION VERSUS $4.42 BILLION LAST YEAR.QTRLY FEDEX FREIGHT SEGMENT REVENUE OF $1.76 BILLION VERSUS $1.60 BILLION LAST YEAR.- CAPITAL SPENDING FORECAST FOR FISCAL 2018 REMAINS $5.9 BILLION.QTRLY GAAP FEDEX EXPRESS SEGMENT REVENUE OF $9.35 BILLION BILLION VERSUS $8.64 BILLION LAST YEAR.- INCREASING 2018 FORECAST, DUE TO SOLID DEMAND TRENDS AND SUCCESS IN RESTORING BUSINESS IMPACTED BY THE SUMMER'S CYBERATTACK.- EXPECT TO SEE IMPROVED RESULTS IN FISCAL SECOND HALF.Q2 REVENUE VIEW $15.68 BILLION -- THOMSON REUTERS I/B/E/S.- REAFFIRM COMMITMENT TO IMPROVE OPERATING INCOME AT FEDEX EXPRESS SEGMENT BY $1.2 TO $1.5 BILLION IN FISCAL 2020 VERSUS FISCAL 2017.FEDEX - TOTAL TNT EXPRESS INTEGRATION PROGRAM EXPENSE THROUGH FISCAL 2020 NOW ESTIMATED TO BE ABOUT $1.4 BILLION, UP FROM PREVIOUS $800 MILLION ESTIMATE.  Full Article

FedEX Corp board declares quarterly dividend of $0.50 per share
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Fedex Corp :FedEX CORP board declares quarterly dividend.FedEX Corp - ‍declared a quarterly cash dividend of $0.50 per share on FedEX Corporation common stock​.  Full Article

Fedex says Fedex Sameday City expands to 1,800 cities nationwide
Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - Fedex Corp :Says ‍Fedex Sameday City expands to 1,800 cities nationwide covering 30 markets​.  Full Article

‍Moody's says UPS, FedEx peak-season surcharges will partially offset rising e-commerce delivery costs​
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - Moody's::‍Moody's says UPS, FedEx peak-season surcharges will partially offset rising e-commerce delivery costs​.Moody's says "for now, however, the surcharges will have little impact" on UPS and FedEx's revenue and earnings‍​.  Full Article

FedEx Office extends SameDay City Service to Jacksonville
Monday, 21 Aug 2017 

Aug 21 (Reuters) - FedEx Office::FedEx Office extends SameDay City Service to Jacksonville.‍Announces expansion of FedEx SameDay City, a local courier delivery service, to Jacksonville​.  Full Article

Fedex Office expands SameDay City Service in Texas
Monday, 21 Aug 2017 

Aug 21 (Reuters) - FedEx Office::FedEx Office expands SameDay City service in Texas.Announces expansion of FedEx SameDay City, a local courier delivery service, to Austin and San Antonio​.  Full Article

Fedex freight drivers reject Teamsters in Pennsylvania
Thursday, 20 Jul 2017 

July 19 (Reuters) - Fedex Freight-:Fedex freight drivers reject teamsters in Pennsylvania.City and road drivers in Croydon voted to decertify teamsters union as their bargaining representative.  Full Article

Fedex says David Bronczek to become COO, President in 2018
Monday, 26 Sep 2016 

Fedex Corp : T. Michael Glenn to retire as Fedex Corp Executive Vice President, market development and corporate communications . Says David J. Bronczek appointed COO and President .Bronczek appointment effective on January 1, 2018.  Full Article

FedEx posts Q1 adjusted earnings of $2.90/share
Tuesday, 20 Sep 2016 

FedEx Corp: FedEx Corp reports higher first quarter earnings . Q1 adjusted earnings per share $2.90 . Q1 earnings per share $2.65 . Sees fy 2017 earnings per share $11.85 to $12.35 excluding items . Q1 earnings per share view $2.81 -- Thomson Reuters I/B/E/S . Says adjusted earnings for fiscal 2017 are projected to be $10.85 to $11.35 per diluted share . In q1, incurred $28 million of intangible asset amortization expense for TNT express . Qtrly FedEx ground segment revenue $4.29 billion versus $3.83 billion last year . Q1 FedEx express segment revenue of $6.66 billion versus $6.59 billion last year . Q1 revenue view $14.61 billion -- Thomson Reuters I/B/E/S . Says unable to forecast fiscal 2017 year-end mark-to-market pension accounting adjustments . FedEx Corp says unable to provide unadjusted earnings guidance for fiscal 2017 . During quarter, company incurred TNT express integration and outlook restructuring program costs of $68 million . Qtrly GAAP revenue $14.7 billion versus $12.3 billion last year . Says capital spending forecast for fiscal year, which includes TNT express, remains at $5.6 billion . Q1 FedEx freight segment revenue of $1.66 billion versus $1.60 billion last year . Fy2017 earnings per share view $11.97 -- Thomson Reuters I/B/E/S . During quarter, company incurred TNT express integration and outlook restructuring program costs of $68 million.  Full Article