FedEx (FDX) on Amazon's (AMZN) Logistics Threat: What, Us Worry?
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UBS Raises Price Target on FedEx (FDX) Following a Strong 3Q Beat
March 17, 2016 8:52 AM EDTUBS reiterated a Buy rating on FedEx (NYSE: FDX), and raised the price target to $186.00 (from $169.00), following the company's 3Q earnings report. FDX reported an upside for 3Q adjusted EPS of $2.51, which was well above the consensus estimate of $2.35. FDX raised the... More
FedEx (FDX) Tops Q3 EPS by 16c; Boosts FY16 EPS Outlook Midpoint
March 16, 2016 4:16 PM EDTFedEx (NYSE: FDX) reported Q3 EPS of $2.51, $0.16 better than the analyst estimate of $2.35. Revenue for the quarter came in at $12.7 billion versus the consensus estimate of $12.4 billion.
Adjusted operating income rose 19% year over year primarily due to improved yield management and the continued positive... More
