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FedEx Misses Wall Streets Estimates Despite 14% Earnings Gain

MEMPHIS (TheStreet) — FedEx  said net income rose 14% as operating income at FedEx Express rose 42%, but the company nevertheless missed analysts' earnings estimates. The overnight package company said it earned $500 million, or $1.57 a share, in the fiscal second quarter. Analysts surveyed by Thomson Reuters had estimated $1.64. …

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Spread positions for drop in eBay

A complex three-way spread is looking for shares of eBay to fall by the middle of next year. optionMONSTER systems show that a trader sold 6,750 July 55 calls for $3.85 yesterday, below the listed bid … More: continued here

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