FedEx Corp. Reports Second Quarter Results
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FedEx (FDX) Hits Low, Down Over 9.5%
December 19, 2018 9:48 AM ESTFedEx (NYSE: FDX) Hits Low, Down Over 9.5%
... MoreFedEx (FDX) PT Lowered to $234 at Oppenheimer
December 19, 2018 9:43 AM ESTOppenheimer analyst Scott Schneeberger lowered the price target on FedEx (NYSE: FDX) to $234.00 (from $288.00) while maintaining a Outperform rating.
... MoreFedEx (FDX) Tops Q2 EPS by 9c, Reports Cost-Reduction Actions
December 18, 2018 4:05 PM ESTFedEx (NYSE: FDX) reported Q2 EPS of $4.03, $0.09 better than the analyst estimate of $3.94. Revenue for the quarter came in at $17.8 billion versus the consensus estimate of $17.75 billion.
Outlook
FedEx is unable to forecast the fiscal 2019 year-end mark-to-market (MTM) retirement plan accounting adjustments. As a result, the company is unable to provide a fiscal 2019 earnings per share or effective tax rate (ETR) outlook on a GAAP basis.
FedEx is now forecasting for fiscal 2019:
Earnings of $12.65 to $13.40 per diluted share before year-end MTM retirement plan accounting adjustments, down from the prior... More