Memphis, Tenn. (TheStreet) — Severe winter storms cost FedEx $125 million in its fiscal third quarter, causing the company to miss earnings estimates and to reduce guidance for the remainder of the fiscal year. The overnight shipping company reported earnings of $378 million, or $1.23 a share, for the quarter ended Feb. …
Read More »US STOCKS-Futures point to slight gains; FedEx, Oracle fall
* FedEx and Oracle fall after results, Adobe higher * Futures up: Dow 22 pts, S&P 2.9 pts, Nasdaq 7.5 pts (Adds FedEx results) NEW YORK, March 19 (Reuters) – U.S. stock index futures pointed to a slightly higher open on Wednesday, putting major indexes on track for a third …
Read More »FedEx Blames Weather for Third-Quarter Miss
FedEx posted fiscal-third-quarter profits that widely missed Street views. The shipping giant said winter weather disrupted operations. More: continued here
Read More »Winter storms hurt FedEx third-quarter results, shares fall
(Reuters) – FedEx Corp , the world's No. 2 package delivery company, posted lower-than-expected results on Wednesday and forecast a weaker full year profit view, saying it was significantly hurt by winter storms. For the full year the company now expects to earn $6.55-6.80 a share, while analysts on average …
Read More »FedEx Cuts Full-Year Forecasts as Winter Storms Add Costs
FedEx Corp. (FDX) , operator of the world’s largest cargo airline, cut its full-year profit forecast after winter storms caused fiscal third-quarter results to fall below analysts’ estimates. More: continued here
Read More »Winter storms hurt FedEx during holiday quarter
FedEx Corp on Wednesday reported lower-than-expected results for the holiday quarter and gave a fiscal-year profit forecast below Wall Street estimates, the latest in a line of companies saying they were hurt by winter storms. The world's No. 2 package delivery company said the unusual weather had disrupted operations, reduced …
Read More »FedEx profit up, but misses expectations
DALLAS (AP) — FedEx Corp. says its latest quarterly profit rose 5 percent from a year ago despite storms that raised the company's costs, but the results were below analysts' expectations. More: continued here
Read More »FedEx Chops Forecast as Earnings Struggle With Weather, Fuel Costs
FedEx reported disappointing fiscal third-quarter 2014 results before markets opened Wednesday morning. The package delivery services provider also lowered its EPS forecast for the full year. More: continued here
Read More »FedEx Is Saving The Plant, But Blaming The Weather
Brian Sozzi appreciates FedEx's (NYSE: FDX ) efforts to go green and save the planet, but does that mean the company should blame mother nature for a downbeat third quarter? "FedEx has over 360 all … More: continued here
Read More »FedEx Corp. Reports Third Quarter Results
FedEx Corp. today reported earnings of $1.23 per diluted share for the third quarter ended February 28, compared to $1.13 per share last year. Unusually severe winter storms throughout the quarter disrupted operations, decreasing shipping volume and increasing costs, and impacted year-over-year operating income by an estimated $125 million. More: …
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