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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

189.89USD
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Fedex posts Q3 adjusted earnings per share $2.35
Tuesday, 21 Mar 2017 04:30pm EDT 

Fedex Corp : Fedex Corp reports third quarter earnings . Q3 adjusted earnings per share $2.35 . Q3 earnings per share $2.07 . Q3 earnings per share view $2.62 -- Thomson Reuters I/B/E/S . Sees FY 2017 earnings per share $10.80 to $11.30 excluding items . Says Fedex is unable to forecast fiscal 2017 year-end mark-to-market ("MTM") pension accounting adjustments . Fedex corp - qtrly GAAP revenue $15.0 billion versus $12.7 billion . Says company is unable to provide fiscal 2017 earnings guidance on a GAAP basis . Fedex Corp - before year-end MTM pension accounting adjustments, earnings are now projected to be $10.80 to $11.30 per diluted share for fiscal 2017 . Fedex Corp says qtrly Fedex express segment revenue $6.78 billion versus $6.56 billion . Says capital spending forecast for fiscal year is now $5.3 billion, down $300 million, due to a reduced Fedex ground spending forecast . Fedex Corp says qtrly Fedex ground segment revenue $4.69 billion, up 6 pct . Fedex Corp - qtrly Fedex freight segment revenue $1.49 billion up 3 pct . Says targeting operating income improvement at fedex express group of $1.2 billion to $1.5 billion in fiscal 2020 versus fiscal 2017 . Fedex - qtrly operating results impacted by significantly negative net impact of fuel, one fewer operating day at Fedex express, Fedex ground, among other things.  Full Article

FedEx Express to launch Liege-Memphis flight
Tuesday, 21 Mar 2017 11:00am EDT 

Fedex Corp : FedEx Express to launch Liege-Memphis flight . FedEx Express will use Boeing 777 freighters offering 116 tons of capacity for Liège-Memphis service . FedEx Express to begin operating new flight linking TNT's European Air Hub in Liège to FedEx world hub in Memphis beginning in early April 2017 .From Memphis, the aircraft will continue on round--world flight to Shanghai via Seattle and Anchorage before returning to Liège.  Full Article

Fedex expands fedex first overnight service to more than 4,400 zip codes across U.S.
Thursday, 9 Mar 2017 08:00am EST 

Fedex Corp :Expanded its Fedex first overnight service to more than 4,400 zip codes across U.S..  Full Article

Fedex extends express air transportation contract with USPS
Thursday, 23 Feb 2017 08:00am EST 

Fedex Corp : Fedex extends express air transportation contract with United States Postal Service . Fedex Corp - modified contract is expected to generate revenue of approximately $1.5 billion per year for Fedex express . Says contract modification extends agreement through September 29, 2024 . Fedex Corp - Fedex express will provide airport-to-airport transportation of USPS priority mail express and priority mail within united states .Fedex Corp says Fedex express will provide airport-to-airport transportation of USPS priority mail express and priority mail within united states.  Full Article

Fedex sets quarterly cash dividend of $0.40 per share
Friday, 17 Feb 2017 08:56am EST 

Fedex Corp :Sets quarterly cash dividend of $0.40per share.  Full Article

Paulson & Co cuts share stake in Fedex, Mylan
Tuesday, 14 Feb 2017 06:20pm EST 

Paulson & Co : Paulson & co cuts share stake in fedex corp by 89.7 percent to 11,000 shares - sec filing . Paulson & co takes share stake of 173,900 class a shares in workday inc . Paulson & co cuts share stake in allergan plc by 8.6 percent to 3.6 million . Paulson & co cuts share stake in mylan n v by 5.5 percent to 20.6 million .Paulson & co - change in holdings are as of dec 31, 2016 and compared with the previous quarter ended as of sept 30, 2016.  Full Article

FedEx names David Bronczek COO
Monday, 23 Jan 2017 10:00am EST 

FedEx Corp : David J. Bronczek promoted to President and Chief Operating Officer of FedEx Corp. . David L. Cunningham to succeed as President and CEO of FedEx Express .David J. Bronczek is assuming a new role as President and Chief Operating Officer of FedEx Corporation, effective February 1, 2017.  Full Article

Walgreens and FedEx teams up to offer FedEx dropoff and pickup at Walgreens locations nationwide
Wednesday, 11 Jan 2017 07:45am EST 

Fedex Corp - : Walgreens and FedEx team up to offer FedEx dropoff and pickup at thousands of Walgreens locations nationwide .After small-scale rollout this spring, Walgreens, co expect to have program available at thousands of Walgreens locations later this year.  Full Article

FedEx Corp says on Jan. 6 issued $450 mln of 3.3 pct notes due 2027 - SEC filing
Friday, 6 Jan 2017 10:06am EST 

FedEx Corp : On Jan. 6, issued $450 mln aggregate principal amount of its 3.300 pct notes due 2027 - SEC filing .On Jan. 6, 2017 issued $750 mln aggregate principal amount of its 4.400 pct notes due 2047-SEC filing.  Full Article

FedEx sees capex of about $5.6 bln in 2017
Wednesday, 21 Dec 2016 05:04pm EST 

FedEx Corp : FedEx Corp says its capital expenditures are expected to be about $5.6 billion in 2017 . FedEx - 2017 capex include spending for sort facility expansion, primarily at FedEx ground, aircraft and aircraft-related equipment at FedEx Express . FedEx says it invested $1.0 billion in aircraft and aircraft-related equipment in h1 2017; expect to invest additional $600 million for aircraft and aircraft-related equipment during remainder of 2017 .FedEx - 2017 capex also include spending for vehicle replacement at all its transportation segments.  Full Article

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FedEx misses on earnings, but sees higher margins ahead

NEW YORK FedEx Corp on Tuesday reported worse-than-expected quarterly operating earnings, but an optimistic outlook for margins in the near-term soothed investor concerns and pushed the stock higher in after-hours trading.