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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

150.91USD
18 Sep 2019
Change (% chg)

$-22.39 (-12.92%)
Prev Close
$173.30
Open
$153.51
Day's High
$154.57
Day's Low
$148.50
Volume
3,501,455
Avg. Vol
484,897
52-wk High
$250.94
52-wk Low
$147.95

Latest Key Developments (Source: Significant Developments)

Fedex Corp - QTRLY Earnings Per Share $2.84
Wednesday, 18 Sep 2019 

FedEx Corp ::. REPORTS FIRST QUARTER EARNINGS.QTRLY EARNINGS PER SHARE $2.84.FEDEX - PERFORMANCE CONTINUES TO BE NEGATIVELY IMPACTED BY A WEAKENING GLOBAL MACRO ENVIRONMENT DRIVEN BY INCREASING TRADE TENSIONS & POLICY UNCERTAINTY.QTRLY ADJUSTED EARNINGS PER SHARE $3.05.FEDEX - OPERATING RESULTS DECLINED PRIMARILY DUE TO WEAKENING GLOBAL ECONOMIC CONDITIONS, INCREASED COSTS TO EXPAND SERVICE OFFERINGS.LOWERING ITS FISCAL 2020 EARNINGS FORECAST AS COMPANY'S REVENUE OUTLOOK HAS BEEN REDUCED.IMPACT OF ONE FEWER OPERATING DAY AND LOSS OF BUSINESS FROM A LARGE CUSTOMER ALSO NEGATIVELY IMPACTED RESULTS.NOW FORECASTS 2020 EARNINGS OF $10.00 TO $12.00 PER DILUTED SHARE BEFORE YEAR-END MTM RETIREMENT PLAN ACCOUNTING ADJUSTMENT.IMPLEMENTING ADDITIONAL COST-REDUCTION INITIATIVES.FEDEX - SEES 2020 EARNINGS OF $11.00-$13.00 PER DILUTED SHARE BEFORE YEAR-END MTM RETIREMENT PLAN ACCOUNTING ADJUSTMENT EXCLUDING TNT EXPRESS INTEGRATION EXPENSES.2020 CAPITAL SPENDING FORECAST REMAINS $5.9 BILLION..QTRLY GAAP REVENUE $17.05 BILLION VERSUS $17.05 BILLION LAST YEAR.Q1 EARNINGS PER SHARE VIEW $3.15, REVENUE VIEW $17.06 BILLION -- REFINITIV IBES DATA.2020 REVISED OUTLOOK ALSO REFLECTS INCREASED FEDEX GROUND COSTS AND AUGUST'S LOSS OF FEDEX GROUND BUSINESS FROM A "LARGE CUSTOMER".FEDEX-COST INITIATIVES ARE TO MITIGATE EFFECTS OF MACROECONOMIC UNCERTAINTY, INCLUDING POST-PEAK REDUCTIONS TO GLOBAL FEDEX EXPRESS AIR NETWORK.FY2020 EARNINGS PER SHARE VIEW $14.69 -- REFINITIV IBES DATA.  Full Article

FedEx says correctly handled Hong Kong package
Tuesday, 3 Sep 2019 

Sept 3 (Reuters) - FedEx Corp ::FEDEX ON HONG KONG PACKAGE SAYS SHIPMENT IN QUESTION WAS HANDLED CORRECTLY VIA STANDARD SECURITY PROTOCOL.FEDEX SAYS PACKAGE WAS FROM REGULAR SHIPPER, WAS "HANDED OVER TO APPROPRIATE AUTHORITIES" BY CO, CONSISTENT WITH REGULAR PROCESS & PROCEDURES.FEDEX SAYS PACKAGE NEVER LEFT ITS ORIGIN CITY, WAS NEVER DELIVERED, AND REMAINS WITH THE AUTHORITIES.  Full Article

Fedex Strengthens Freight Forwarding And Brokerage Capabilities In Latin America With Acquisition Of Cargex
Thursday, 29 Aug 2019 

Aug 29 (Reuters) - FedEx Corp ::FEDEX STRENGTHENS FREIGHT FORWARDING AND BROKERAGE CAPABILITIES IN LATIN AMERICA WITH ACQUISITION OF CARGEX.FEDEX CORP - CARGEX WOULD OPERATE AS A SUBSIDIARY OF FEDEX LOGISTICS UPON CLOSING..FEDEX CORP - HAS ALSO AGREED TO ACQUIRE AGENCIAS DE ADUANAS ADUANAMOS S.A. NIVEL 2, AN AFFILIATE OF CARGEX SPECIALIZING IN CUSTOMS BROKERAGE SERVICES.  Full Article

Fedex Board Declares Quarterly Dividend Of $0.65 Per Share
Friday, 16 Aug 2019 

Aug 16 (Reuters) - FedEx Corp ::FEDEX CORP. BOARD DECLARES QUARTERLY DIVIDEND.FEDEX CORP - DECLARED A QUARTERLY CASH DIVIDEND OF $0.65 PER SHARE ON FEDEX CORPORATION COMMON STOCK.  Full Article

FedEx Corp Says Issued $1 Billion Of Its 3.100% Notes Due 2029
Thursday, 25 Jul 2019 

July 24 (Reuters) - FedEx Corp ::FEDEX CORP - ON JULY 24, 2019, FEDEX CORPORATION ISSUED $1 BILLION OF ITS 3.100% NOTES DUE 2029.  Full Article

Fedex Logistics Renames Australia Acquisition, Reflecting Growing Capabilities In Australasia Region
Friday, 28 Jun 2019 

June 27 (Reuters) - FedEx Corp ::FEDEX LOGISTICS RENAMES AUSTRALIA ACQUISITION, REFLECTING GROWING CAPABILITIES IN AUSTRALASIA REGION.FEDEX LOGISTICS INC - ANNOUNCED RENAMING OF MANTON AIR-SEA PTY LTD, WHICH CO ACQUIRED IN OCT. 2018, AS FEDEX LOGISTICS (AUSTRALIA) PTY LTD.  Full Article

Fedex Likely To Be Added Onto China's 'Unreliable Entities List' Due To Its Parcel Incident On Huawei Product- Global Times
Sunday, 23 Jun 2019 

June 23 (Reuters) - :FEDEX LIKELY TO BE ADDED ONTO CHINA'S 'UNRELIABLE ENTITIES LIST' DUE TO ITS PARCEL INCIDENT ON HUAWEI PRODUCT- GLOBAL TIMES TWEET.  Full Article

Staples Canada And FedEx Team Up To Offer FedEx Services At All Staples Locations Across Canada
Wednesday, 1 May 2019 

May 1 (Reuters) - Federal Express Canada Corp::STAPLES CANADA AND FEDEX TEAM UP TO OFFER FEDEX SERVICES AT ALL STAPLES LOCATIONS ACROSS CANADA.FEDERAL EXPRESS CANADA - AGREEMENT HAS BEEN REACHED WITH STAPLES CANADA.FEDERAL EXPRESS CANADA - AGREEMENT WILL INCREASE FEDEX RETAIL LOCATIONS TO 1003 LOCATIONS EFFECTIVE IMMEDIATELY.  Full Article

Fedex Signs 10-Year Data Center Infrastructure Agreement With Switch
Monday, 29 Apr 2019 

April 29 (Reuters) - FedEx Corp ::FEDEX SIGNS 10-YEAR DATA CENTER INFRASTRUCTURE AGREEMENT WITH SWITCH.SWITCH INC - FEDEX SIGNED A 10-YEAR DEAL WITH SWITCH TO SERVE AS FEDEX'S WESTERN U.S. DATA CENTER.  Full Article

FedEx Says Long-Term Financial Goals Include Increasing EPS 10 pct – 15 pct Per Year
Wednesday, 20 Mar 2019 

March 19 (Reuters) - FedEx Corp ::FEDEX CORP - LONG-TERM FINANCIAL GOALS INCLUDES INCREASE EPS 10%–15% PER YEAR.FEDEX CORP - ACHIEVE 10% PLUS OPERATING MARGIN IS AMONG LONG-TERM FINANCIAL GOALS.FEDEX CORP SAYS POTENTIAL OF A HARD BREXIT AND ESCALATING TRADE WARS REPRESENT DOWNSIDE RISKS TO ECONOMIC OUTLOOK.FEDEX CORP SAYS GLOBAL ECONOMIC GROWTH CONTINUES TO MODERATE AS MAJOR ECONOMIES EASE TOWARD TREND GROWTH.FEDEX CORP SAYS IT IS IMPORTANT TO HAVE A POLICY ENVIRONMENT THAT ENCOURAGES FREE TRADE.FEDEX CORP - ANTICIPATE ADDING FEDEX OFFICE LOCATIONS IN WALMART STORES TO TOTAL 500 BY MAY 2020.  Full Article

US STOCKS-Wall Street retreats ahead of Fed decision as FedEx weighs

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