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FedEx Corporation stock price
FedEx Corporation latest news:
Thousands of FedEx customer records exposed by unsecured server
Feb 15 (Reuters) - Global package delivery company FedEx
Corp said on Thursday it has secured some of the
customer identification records that were visible earlier this
month on an unsecured server, and so far has found no evidence
that private data was "misappropriated."
Nvidia and Skechers rise while FedEx and Expedia tumble
Nvidia and Skechers rise in U.S. trading while FedEx and Expedia slump
Amazon tests delivery in Los Angeles, shipping shares sink
(Reuters) - Amazon.com Inc is testing a program to ship its sellers' goods, sending shares in FedEx and UPS tumbling even though analysts and the companies played down any near-term threat to the two global delivery businesses.
FedEx and UPS hit as Amazon 'plots shipping expansion'
The e-commerce giant is expanding tests of a programme to pick up packages from its merchants.
Shares of UPS, FedEx fall after report Amazon to launch delivery service
(Reuters) - United Parcel Service Inc and FedEx Corp shares fell 2 percent on Friday, after a report said Amazon.com Inc is preparing to launch a delivery service for businesses, which would directly compete with the U.S. package delivery companies.
FedEx, UPS shares slammed premarket on report Amazon is preparing a mail delivery service
Shares of mail delivery services slid in premarket trade Friday, after The Wall Street Journal reported that Amazon.com Inc. is gearing up to launch its own delivery service for businesses, putting it in direct competition with the industry's two big players. FedEx Corp. (FDX) shares slid 4.7% and United Parcel Service Inc. (UPS) fell 5.8%. The journal said the new service will be called "shipping with Amazon," or SWA, and will involve the e-commerce giant picking up packages from businesses...
FedEx Bets Big on Employees With Tax Benefit
As online shopping grows, UPS sees record holiday package returns
United Parcel Service Inc(UPS) is on track to return a record number of packages this holiday shipping season, a sign that e-commerce purchases surged to new heights over the past month. The world's largest package delivery company and rival FedEx Corp (FDX) get paid by retailers like Amazon.com Inc (AMZN) and Wal-Mart Stores Inc (WMT) for handling e-commerce deliveries.
FedEx says it experienced another record-breaking holiday shipping season
Package delivery company FedEx Corp (FDX) said on Wednesday it experienced another record-breaking holiday shipping season, but declined to provide specifics or data. FedEx Chief Executive Officer Fred Smith said last week the company was on track for another record holiday shipping season, the crucial peak period that begins after the U.S. Thanksgiving holiday and lasts through New Year's Eve.
Good news for FedEx and UPS: People just opened $90 billion in unwanted gifts
Consumers will return about $90 billion worth of goods this holiday season, estimates Optoro, a firm that specializes in return shipments.
Strong package volume, global economy boost FedEx profit
(Reuters) - FedEx Corp on Tuesday reported a better-than-expected quarterly net profit due to strong global demand and increased package volumes during the peak holiday shipping season, but its results were hit by lingering effects from a cyber attack on its Dutch unit.
FedEx says record number of holiday deliveries are on track
A record number of holiday packages are on track to arrive this year, and the package delivery companies appear to be handling the load well
FedEx heads into the holiday season with stronger earnings
FedEx says higher package volume, and base rates contributed to stronger earnings in the latest quarter
FedEx quarterly profit rises on strong package volume, global economy
(Reuters) - Package delivery company FedEx Corp on Tuesday reported a better-than-expected quarterly net profit due to strong global demand and increased volumes during the peak holiday shipping season, but said its results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit.
FedEx quarterly profit rises on strong package volume
Package delivery company FedEx Corp reported a higher quarterly net profit due to increased volume, but results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit.
BRIEF-Fedex Q2 Earnings Per Share $2.84
Fedex Corp(FDX): * REPORTS HIGHER SECOND QUARTER RESULTS. * Q2 ADJUSTED EARNINGS PER SHARE $3.18. * Q2 EARNINGS PER SHARE $2.84. * Q2 EARNINGS PER SHARE VIEW $2.89 -- THOMSON REUTERS I/B/E/S. * SEES FY 2018 EARNINGS PER SHARE $11.45 TO $12.05 EXCLUDING ITEMS. * FULL-YEAR EARNINGS OUTLOOK INCREASED. * UNABLE TO FORECAST FISCAL 2018 YEAR-END MARK-TO-MARKET PENSION ACCOUNTING ADJUSTMENTS.
FedEx stock rises on company's earnings, sales beat
Shares of FedEx Corp. rose more than 2% late Tuesday after the logistics company reported second-quarter results that beat Wall Street expectations. FedEx said it earned $755 million, or $2.84 a share, in the quarter, compared with $700 million, or $2.59 a share, in the year-ago period. Adjusted for one-time items, the company reported earnings of $3.18 a share, compared with $2.77 a share a year ago. Revenue rose to $16.3 billion in the quarter, from $14.9 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $2.73 a share on sales of $15.7 billion. "Strategic execution by the FedEx team and a stronger global economy drove improved financial results," Chief Executive Frederick W. Smith said in a statement. The company is on track "for another record holiday-shipping season," he said. Shares of FedEx ended the regular session up 0.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Post Office expects to deliver 3 billion pieces of mail this week
The U.S. Postal Service said it expects to process and deliver nearly 3 billion pieces of first-class mail this week, which should make it the busiest week of the holiday season. The Post Office also expects to deliver nearly 200 million packages this week. For the entire holiday season, between Thanksgiving and New Year's Day, USPS expects to deliver more than 850 million packages, which is up 10% from the same period a year ago. To help facilitate the surge in volume, the USPS said it will expand Sunday deliveries in some high-package volume locations during the holidays. The USPS expects to deliver more than 6 million packages each Sunday in December, and will deliver Priority Mail Express packages on Christmas Day in some locations. The USPS's announcement comes at a time when shares of fellow package delivery companies United Parcel Service Inc. have gained 0.4% over the past 3 months and FedEx Corp. have rallied 11.6%, while the S&P 500 has gained 6.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
This Week: FedEx earns, home sales, 3Q GDP
This Week: FedEx earns, home sales, 3Q GDP
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