The shipping company's third-quarter earnings edged 4.7% higher, but FedEx missed Wall Street estimates as poor weather dragged down volumes. More: continued here
Read More »eBay Inc (EBAY): Activist Interest Creates Risk For Investors – ValueWalk
eBay Inc (EBAY): Activist Interest Creates Risk For InvestorsValueWalkStifel Equity Trading Desk analysts Jordan E. Rohan, Michael B. Purcell and Alex Chavdaroff rate eBay Inc (NASDAQ:EBAY) as a Hold. Analysts at the research firm believe activist interest in a Paypal spin has put long-term eBay shareholders in a tough spot. …
Read More »FedEx Misses Estimates as Winter Storms Slash $125M From Income
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. …
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* 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 »Do Food Stamps Hurt Your Credit?
As far as credit scores go, your salary doesn't matter. At least, not directly. But do food stamps hurt your credit? 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 »Icahn Sounds Off After EBay Spurns Request For Skype Docs – Law360 (subscription)
Icahn Sounds Off After EBay Spurns Request For Skype DocsLaw360 (subscription)Law360, New York (March 18, 2014, 8:03 PM ET) — Carl Icahn fired back Tuesday at eBay Inc.'s assertions that he had no legal right to peek into the company's books and records in connection with its 2009 sale of …
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 …
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