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FedEx stock falls after company lowers outlook on slowdown in Europe

Shares of FedEx Corp. FDX,  fell more than 3% in the extended session Tuesday after the logistics and delivery company reported adjusted fiscal second-quarter earnings above expectations but raised concerns about its international business, announced cost cuts, and lowered its outlook for earnings. FedEx said it earned $935 million, or $3.51 a share, in the quarter, compared with $775 million, or $2.84 a share, in the year-ago period. Adjusted for one-time items, the company earned $1.08 billion, or $4.03 a share, in the quarter, compared with $866 million, or $3.18 a share, a year ago. Revenue rose to $17.8 billion from $16.3 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $3.94 a share on sales of $17.8 billion....

FedEx Stock Is So Cheap That Now Amazon Really Should Buy the Company, Analyst Says

Loop Capital Markets analyst Anthony Chukumba, who has a Buy rating and a $2,200 price target on Amazon stock, on Tuesday wrote that if the tech and retail giant wants to become a shipping giant too, buying into the business could be a cost-effective way to do so.

It’s an argument Chukumba has made before—and Barron’s has covered. His latest take, however, puts things in the context of current valuations.

“FedEx is inexpensive at 10.6x and 6.5x forward price-to-earnings and enterprise value to earnings before interest, taxes, depreciation and amortization multiples, respectively,” Chukumba wrote. “Amazon could make an accretive acquisition of the best global network for a fraction of the cost of building it themselves.”

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https://www.barrons.com/articles/fedex-s...d=hp_DAY_4

FedEx (FDX) nachbörslich 5% runter :

FedEx (FDX) Misses Q3 EPS by 8c, Offers Guidance

FedEx (NYSE: FDX) reported Q3 EPS of $3.03, $0.08 worse than the analyst estimate of $3.11. Revenue for the quarter came in at $17 billion versus the consensus estimate of $17.69 billion.

GUIDANCE:

FedEx sees FY2019 EPS $15.10 to $15.90, versus the consensus of $15.97.

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https://www.streetinsider.com/Earnings/F...75507.html

FedEx shares tick down after earnings beat

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The company reported fourth-quarter net losses of $1.97 billion, or $7.56 a share, compared with net income of $1.13 billion, or $4.15 a share, in the year-ago period. Adjusted for items such as retirement-plan accounting and business integration costs, among other things, earnings were $5.01 a share.

Revenue rose to $17.8 billion from $17.3 billion in the year-ago period.


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https://www.marketwatch.com/story/fedex-...yptr=yahoo

FedEx (FDX) Q1 Earnings and Revenues Lag Estimates

FedEx (FDX) came out with quarterly earnings of $3.05 per share, missing the Zacks Consensus Estimate of $3.17 per share. This compares to earnings of $3.46 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -3.79%. A quarter ago, it was expected that this package delivery company would post earnings of $4.81 per share when it actually produced earnings of $5.01, delivering a surprise of 4.16%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

FedEx, which belongs to the Zacks Transportation - Air Freight and Cargo industry, posted revenues of $17.05 billion for the quarter ended August 2019, missing the Zacks Consensus Estimate by 0.51%. This compares to year-ago revenues of $17.05 billion.


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https://finance.yahoo.com/news/fedex-fdx...09037.html

FedEx (FDX) Lags Q2 Earnings and Revenue Estimates

FedEx (FDX) came out with quarterly earnings of $2.51 per share, missing the Zacks Consensus Estimate of $2.79 per share. This compares to earnings of $4.03 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -10.04%. A quarter ago, it was expected that this package delivery company would post earnings of $3.17 per share when it actually produced earnings of $3.05, delivering a surprise of -3.79%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

FedEx, which belongs to the Zacks Transportation - Air Freight and Cargo industry, posted revenues of $17.32 billion for the quarter ended November 2019, missing the Zacks Consensus Estimate by 1.40%. This compares to year-ago revenues of $17.82 billion.


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https://finance.yahoo.com/news/fedex-fdx...10843.html

FedEx Pops On Alliance with Microsoft, In Challenge To Amazon

FedEx (FDX) and Microsoft (MSFT) announced a strategic alliance to improve shipping for commercial customers, a shot across the bow at mutual rival Amazon (AMZN).

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https://www.investors.com/news/fedex-sto...src=A00220

FedEx (FDX) Shares Rally on Q4 Earnings & Revenues Beat

Despite coronavirus-related woes, FedEx Corporation FDX reported better-than-expected results for fourth-quarter fiscal 2020 (ended May 31), thanks to higher Ground revenues owing to surge in residential delivery volumes. Following this outperformance, shares of the company gained 9.1% in after-hours trading on Jun 30.

FedEx’s earnings (excluding $3.8 from non-recurring items) of $2.53 per share surpassed the Zacks Consensus Estimate of $1.42. However, the bottom line plunged approximately 50% year over year. Results were affected by coronavirus-led low volumes due to large-scale business closures, higher costs at the Ground unit due to expanded service offerings, as well as loss of business with Amazon AMZN.

Although quarterly revenues of $17,358 million beat the Zacks Consensus Estimate of $16,116.8 million, the same dipped 2.5% year over year. Operating income (on an adjusted basis) plunged 47.3% year over year to $907 million in the reported quarter due to sluggish global economy and elevated costs. Operating margin (adjusted) also deteriorated to 5.2% from 9.6% in the year-ago period.


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https://finance.yahoo.com/news/fedex-fdx...11445.html

Post-Rivale FedEx liefert starke Zahlen

In den drei Monaten bis Ende August kletterten die Erlöse im Jahresvergleich um 13,5 Prozent auf 19,3 Milliarden Dollar (16,3 Mrd Euro), wie der Deutsche-Post-Konkurrent am Dienstag nach US-Börsenschluss in Memphis mitteilte. Der Nettogewinn legte von 745 Millionen auf 1,25 Milliarden Dollar zu.

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https://www.finanzen.net/nachricht/aktie...en-9298862

FedEx Corp (NYSE:FDX) und das Robotikunternehmen Nuro gaben am Dienstag eine mehrjährige Vereinbarung bekannt, um selbstfahrende Fahrzeuge im Netzwerk des Paketzustellers zu testen, beginnend mit einem Pilotprogramm in Houston.
Die Partnerschaft kommt zu einem Zeitpunkt, an dem Paketdienstleister versuchen, die Kosten für die Zustellung auf der letzten Meile zu senken, die während der Pandemie in die Höhe geschnellt sind.
Die Unternehmen werden auf Zustellungsszenarien abzielen, in denen Nuros unbemanntes Fahrzeug mit niedriger Geschwindigkeit "das beste Preis-Leistungs-Verhältnis" bieten kann, sagte Cosimo Leipold, Nuros Leiter für Partnerschaften, in einem Interview mit Reuters.

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Der Transport von Menschen mit selbstfahrenden Taxis erweist sich als schwieriger und teurer als die Auslieferung von Paketen und Lebensmitteln. Daher suchen Fracht- und Logistikunternehmen nach Möglichkeiten, die Technologie auf vorhersehbaren und einfachen Routen einzusetzen, auch auf Autobahnen.
https://www.reuters.com/