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FedEx Corp (FDX)

FDX on New York Consolidated

214.33USD
27 Jun 2017
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Latest Key Developments (Source: Significant Developments)

FedEx Q4 adjusted earnings per share $4.25
Tuesday, 20 Jun 2017 04:15pm EDT 

June 20 (Reuters) - Fedex Corp :FedEx Corp. Reports record fourth quarter and full-year earnings.Q4 adjusted earnings per share $4.25.Q4 earnings per share $3.75.Q4 earnings per share view $3.88 -- Thomson Reuters I/B/E/S.Sees fy 2018 earnings per share $12.45 to $13.25 excluding items.FedEx corp - capital spending for fiscal 2018 is expected to be approximately $5.9 billion.Q4 FedEx express segment revenue of $7.18 billion versus $6.72 billion last year.Q4 FedEx ground segment revenue of $4.68 billion versus $4.29 billion last year.FedEx - FY earnings forecast before year-end mtm pension accounting adjustments, excluding tnt express integration expenses, charges, is $13.20 to $14.00 per share.FedEx corp - Q4 gaap revenue $15.7 billion versus $13 billion.FedEx corp - FY forecasts include an estimated $65 million of tnt express intangible asset amortization expense.FedEx corp - Q4 fedex freight segment revenue of $1.70 billion billion versus $1.61 billion last year.FedEx corp - expect to incur significant expenses over next few years in connection with our integration of tnt express.FedEx - is unable to forecast fiscal 2018 year-end mtm pension accounting adjustments; unable to provide fiscal 2018 earnings guidance on gaap basis.Fy2018 earnings per share view $13.59 -- Thomson Reuters I/B/E/S.FedEx Corp - Q4 fiscal 2018 mtm pension accounting adjustments could have a material impact on fiscal 2018 consolidated financial results.  Full Article

FedEx may get involved with Trump's push to privatize airports- CNBC, citing source
Monday, 12 Jun 2017 04:15pm EDT 

June 12 (Reuters) - :FedEx may get involved with Trump's push to privatize airports- CNBC, citing source.  Full Article

Fedex sets quarterly cash dividend of $0.50 per share
Monday, 12 Jun 2017 02:25pm EDT 

June 12 (Reuters) - Fedex Corp :Sets quarterly cash dividend of $0.50 per share.  Full Article

FedEx extends official sponsorship of National Football League
Wednesday, 26 Apr 2017 09:00am EDT 

April 26 (Reuters) - FedEx Corp ::FedEx - extension of official sponsorship of national football league to remain exclusive "official delivery service sponsor" of NFL, Super Bowl, Pro Bowl.FedEx Corp - new agreement signals continuation of Fedex Air & Ground NFL players of week and players of year awards program.  Full Article

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

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BRIEF-FedEx spokeswoman says "FedEx systems are operating normally after resolving limited functionality issues overnight."

* FedEx spokeswoman says "FedEx systems are operating normally after resolving limited functionality issues overnight." Further company coverage: (Bengaluru Newsroom)