Key Developments: FedEx Corp (FDX)

FDX on New York Consolidated

135.55USD
17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

FedEx Corp Issues FY 2014 EPS Guidance Below Analysts' Estimates-Conference Call
Wednesday, 19 Jun 2013 07:30am EDT 

FedEx announced that for fiscal 2014, it projects earnings per share growth of 7% to 13% from fiscal 2013 adjusted results. This assumes the current market outlook for fuel prices, U.S. GDP growth of 2.3% and world GDP growth of 2.7%. The Company reported EPS of $6.23 in fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $7.12 for fiscal 2014.  Full Article

FedEx Corp Declares Quarterly Cash Dividend Of $0.15-DJ
Monday, 3 Jun 2013 04:15pm EDT 

Dow Jones reported that FedEx Corp declared a quarterly cash dividend of $0.15 per share on FedEx Corporation common stock, an increase of $0.01 per share over the previous dividend payment. The dividend is payable on July 1, 2013 to stockholders of record at the close of business on June 17, 2013.  Full Article

FedEx Corp's Subsidiary Signs New $10.5 Billion Contract With USPS -Reuters
Tuesday, 23 Apr 2013 05:22pm EDT 

Reuters reported that FedEx Corp said its FedEx Express subsidiary has entered into a seven-year express air transportation contract with the United States Postal Service for about $10.5 billion. FedEx's current contract ends in September 2013, and the new contract will begin in October 2013.  Full Article

FedEx Corp Issues Q4 EPS Guidance In Line With Analysts' Estimates; Lowers FY EPS 2013 Guidance
Wednesday, 20 Mar 2013 07:30am EDT 

FedEx Corp announced that for fourth quarter of 2013, it expects adjusted diluted earnings per share (EPS) in the range of $1.90-$2.10. For fiscal 2013, it expects EPS in the range of $6.00 to $6.20. Including the business realignment costs, earnings are expected to be $0.94 to $1.34 per diluted share for fourth quarter of 2013 and $4.91 to $5.31 per diluted share for fiscal 2013. The guidance assumes the current market outlook for fuel prices. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.07 for fourth quarter of 2013 and EPS of $6.31 for fiscal 2013.  Full Article

FedEx Corp Declares Quarterly Dividend
Friday, 15 Feb 2013 09:00am EST 

FedEx Corp announced that it has declared a quarterly cash dividend of $0.14 per share on FedEx Corporation common stock. The dividend is payable April 1, 2013 to stockholders of record at the close of business on March 11, 2013.  Full Article

Boeing Co And FedEx Corp's FedEx Express Announce Order For Four 767 Freighters
Wednesday, 19 Dec 2012 09:33am EST 

Boeing Co and FedEx Express, a wholly owned subsidiary of FedEx Corp., announced an order for four 767 Freighters. The order is part of FedEx's initiative to modernize its fleet. The addition of the 767 Freighters will enable FedEx to replace its less efficient medium widebody cargo airplanes with freighters that provide fuel, maintenance and other cost savings. The freighters also increase efficiency by sharing spare parts, tooling and flight simulators with the Boeing 757s that are part of the FedEx air fleet. The addition of the 767 Freighters will enable FedEx to replace its less efficient medium widebody cargo airplanes with freighters that provide fuel, maintenance and other cost savings. The freighters also increase efficiency by sharing spare parts, tooling and flight simulators with the Boeing 757s that are part of the FedEx air fleet.  Full Article

FedEx Corp Issues Q3 2013 EPS Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 EPS Guidance
Wednesday, 19 Dec 2012 07:30am EST 

FedEx Corp announced that for third quarter of 2013, it expects earnings per share (EPS) to be in the range of $1.25-$1.45 and EPS of $6.20-$6.60 for fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.45 for third quarter of 2013 and EPS of $6.39 for fiscal 2013.  Full Article

FedEx Corp Declares Quarterly Dividend
Friday, 2 Nov 2012 09:00am EDT 

FedEx Corp announced that it has declared a quarterly cash dividend of $0.14 per share on FedEx Corporation common stock. The dividend is payable December 17, 2012 to stockholders of record at the close of business on November 21, 2012.  Full Article

FedEx Corp To Cut Thousands From Workforce-Business Standard
Thursday, 11 Oct 2012 05:39am EDT 

Business Standard reported that FedEx Corp said that it was planning to cut 'several thousand' people from its workforce via a voluntary departure programme beginning early next year. The Company gave no specific number on the staff reductions, but emphasised they would be voluntary.  Full Article

FedEx Corp Reaffirms Q2, FY 2013 EPS Guidance
Tuesday, 9 Oct 2012 09:00pm EDT 

FedEx Corp reaffirmed second quarter 2013 and fiscal 2013 earnings guidance. For second quarter of 2012, it expect earnings per share (EPS) in the range of $1.30 to $1.45 per diluted share and EPS of $6.20 to $6.60 for fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.41 for second quarter of 2013 and EPS of $6.45 for fiscal 2013.  Full Article

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Neighbors rushed in vain to help in California bus crash that killed 10

ORLAND, California - Newly released recordings of 911 emergency calls revealed the helplessness of stunned residents in the California town of Orland who witnessed the aftermath of last week's fiery crash between a FedEx truck and a tour bus that killed 10 people.

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