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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

191.67USD
30 Nov 2016
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Latest Key Developments (Source: Significant Developments)

Fedex says David Bronczek to become COO, President in 2018
Monday, 26 Sep 2016 09:15am EDT 

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 04:05pm EDT 

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

International Brotherhood Of Teamsters urges Fedex shareholders to vote against advisory vote to approve executive compensation at AGM
Thursday, 1 Sep 2016 04:49pm EDT 

Fedex Corp :International Brotherhood Of Teamsters -urges Fedex shareholders to vote against advisory vote to approve executive compensation at AGM - sec filing.  Full Article

Atlas Air Worldwide says announces new contract with FedEx
Wednesday, 24 Aug 2016 09:15am EDT 

Atlas Air Worldwide Holdings Inc : Atlas air worldwide announces new contract with FedEx . Entered into a five-year agreement with FedEx express to provide it with five 747-400 freighter aircraft .An agreement to provide five aircraft for 2016 peak season flying is already in place.  Full Article

Fedex sets quarterly cash dividend of $0.40 per share
Friday, 19 Aug 2016 09:00am EDT 

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

Fedex Q4 loss per share $0.26
Tuesday, 21 Jun 2016 04:15pm EDT 

Fedex Corp : Q4 non-gaap revenue $13.0 billion versus $12.1 billion . With adjustments, Fedex's Q4 earnings were $3.30 per diluted share . Fedex CORP Q4 gaap revenue $$13.0 billion versus $12.1 billion . Qtrly Fedex express segment revenue $6.72 billion versus $6.70 billion . Unable to forecast fiscal 2017 year-end mark-to-market pension accounting adjustments as well as TNT Express financial results . Qtrly operating results benefited from yield management, positive impacts from profit improvement program initiatives at Fedex Express . Company is unable to provide unadjusted earnings guidance . During quarter, company acquired 3.8 million shares of Fedex common stock at an average price of $156.21 . Qtrly Fedex freight segment revenue $1.61 billion versus $1.57 billion . Capital spending for fiscal 2017 is expected to be approximately $5.1 billion . Fedex Corp Q4 Fedex ground segment revenue of revenue $6.72 billion versus. $6.70 billion last year . FY 2017 outlook assumes continued moderate economic growth . "reasonably possible" that q4 fiscal 2017 MTM pension accounting adjustments could have material impact on fiscal 2017 consolidated results . Plan to complete purchase price allocation for TNT express no later than q4 of fiscal 2017 . Fedex Corp. Reports fourth quarter earnings . Sees FY 2017 adjusted earnings per share $11.75 to $12.25 excluding items . Q4 loss per share $0.26.  Full Article

Fedex says concluded internet pharmacy case
Friday, 17 Jun 2016 04:25pm EDT 

Fedex: Fedex announces successful conclusion of internet pharmacy case .Fedex Corp says U.S. Department Of Justice has dismissed all remaining criminal charges pending against Fedex and its subsidiaries.  Full Article

TNT Express expands international express service coverage in Spain
Wednesday, 8 Jun 2016 02:05am EDT 

TNT Express NV : Expands international express service coverage in Spain Further company coverage: [TNTE.AS] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Fedex raises quarterly dividend to $0.40/shr from $0.25/shr
Monday, 6 Jun 2016 04:20pm EDT 

Fedex Corp : Sets quarterly cash dividend of $0.40 per share .Raises quarterly cash dividend from $0.25 per share.  Full Article

FedEx holds 98.45% of all tnt express shares
Thursday, 2 Jun 2016 01:30am EDT 

FedEx Corp and TNT Express : FedEx holds 98.45 pct of all TNT Express shares . Statutory buy-out expected to commence during Q3 2016 . Following statutory buy-out proceedings, FedEx will own 100 pct of TNT Express .Delisting TNT Express to occur as soon as possible.  Full Article

BRIEF-Fedex Corp sets quarterly cash dividend of $0.40per share

* Sets quarterly cash dividend of $0.40per share Source text for Eikon: Further company coverage: