UBS Reiterates Buy on FedEx (FDX) Following Strong 4Q Earnings

Go back to UBS Reiterates Buy on FedEx (FDX) Following Strong 4Q Earnings

FedEx (FDX) weekly volatility elevated into topping Q4 EPS by 2c and inline guidance

June 22, 2016 7:02 AM EDT

FedEx (NYSE: FDX) June weekly call option implied volatility is at 66, July is at 28; compared to its 52-week range of 15 to 44 into reporting Q4 EPS of $3.30, 2c better than the analyst estimate of $3.28. Revenue for the quarter came in at $13B versus the consensus estimate of $12.7B.

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After-Hours Stock Movers 06/21: (SCTY) (LZB) (VSLR) Higher; (TSLA) (ADBE) (HPQ) Lower (more...)

June 21, 2016 6:27 PM EDT

Today's After-Hours Movers

SolarCity (NASDAQ: SCTY) 16.6% HIGHER; Tesla (NASDAQ: TSLA) announced an offer to acquire SolarCity (NASDAQ: SCTY) for $26.50 to $28.50 per share.

Tesla (NASDAQ: TSLA) 11.5% LOWER; Tesla announced an offer to acquire SolarCity (NASDAQ: SCTY) for $26.50 to $28.50 per share.

La-Z-Boy (NYSE: LZB) 4.4% HIGHER; reported Q4 EPS from cont ops of $0.45, $0.03 worse than... More

Pensions hit FedEx, may weigh on fiscal 2017 results

June 21, 2016 4:29 PM EDT

By Nick Carey

CHICAGO (Reuters) - Package delivery company FedEx Corp (NYSE: FDX) on Tuesday reported a quarterly loss due to mark-to-market pension adjustments and expenses related to acquiring Dutch package delivery company TNT, and said it did not know how those two factors would affect its earnings for the coming fiscal year.

FedEx shares fell more than 1 percent after the news.

Like main rival United Parcel Service Inc (NYSE: UPS) FedEx is considered a bellwether of U.S. economic activity

Excluding one-off charges, FedEx... More

FedEx (FDX) Tops Q4 EPS by 2c; Guides FY17 EPS Inline with Views

June 21, 2016 4:16 PM EDT

FedEx (NYSE: FDX) reported Q4 EPS of $3.30, $0.02 better than the analyst estimate of $3.28. Revenue for the quarter came in at $13 billion versus the consensus estimate of $12.78 billion.

GUIDANCE:

FedEx sees FY2017 adjusted EPS of $11.75 - $12.25, versus the consensus of $12.05. Guidance... More

FedEx (FDX) Shares Tick Slightly Lower Ahead of Q4 Report

June 21, 2016 3:42 PM EDT

FedEx (NYSE: FDX) shares are trading slightly lower into the company's Q4 report, which is expected out after markets close.

The Street sees FedEx posting Q4 EPS of $3.28 with revenue of $12.78 billion, up 23percent and 5.6 percent, respectively.

As... More

FedEx (FDX) June weekly volatility elevated at 56 into Q4 and outlook

June 21, 2016 6:47 AM EDT

FedEx (NYSE: FDX) June weekly call option implied volatility is at 56, July is at 27; compared to its 52-week range of 15 to 44 into the expected release of Q4 results today after the market close.

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