Santa's sleigh delivered more on-time packages this Christmas, though a few retailers still broke their delivery promise.» Read More
CHICAGO, Dec 17- FedEx Corp on Wednesday posted lower-than-expected quarterly earnings as results at its FedEx Ground and FedEx Freight units missed estimates, and it reiterated an outlook analysts consider conservative, sending its stock down nearly 5 percent. Both FedEx and main rival United Parcel Service Inc are in the final days of their peak holiday...
Discussing the FedEx earnings miss and how low fuel prices impacted their quarter, with Arthur Hatfield, Raymond James.
CHICAGO, Dec 17- Increased U.S. domestic and international volumes sparked higher quarterly profit at FedEx Corp, the package delivery company said on Wednesday, but quarterly earnings and its full-year outlook fell short of expectations. Both FedEx and main rival United Parcel Service Inc are in the final days of their holiday peak season, which has boomed...
*FedEx shares fall after earnings. NEW YORK, Dec 17- U.S. stocks were set to rise at the open on Wednesday, following three days of losses for major Wall Street indexes, ahead of the year's final statement from the U.S. "I do think they will take in consideration slow global economic activity and perhaps mention the threat of deflation in Europe," said Peter Cardillo,...
Companies making headlines before the bell Wednesday:
CHICAGO, Dec 17- Package delivery company FedEx Corp reported lower-than-expected quarterly profit on Wednesday as U.S. domestic package and international export volumes rose, and reaffirmed its full-year profit outlook. Both FedEx and main rival United Parcel Service Inc are in the final days of their holiday peak season, which has boomed over the past...
CHICAGO, Dec 17- Package delivery company FedEx Corp reported a 23 percent jump in quarterly profits on Wednesday driven by higher U.S. domestic package and international export volumes, but fell short of analyst expectations. The Memphis- based company reported net income of $616 million for the quarter ending Nov. 30, compared with $500 million a year earlier.
*FedEx shares fall after earnings. NEW YORK, Dec 17- U.S. stock index futures rose on Wednesday, following three days of losses for major Wall Street indexes, ahead of the year's final statement from the U.S. *FedEx shares fell 2.8 percent in light premarket trading after the package delivery company posted quarterly results.
FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices. FedEx also said Wednesday that a jump in plane maintenance blunted gains the company reaped from managing costs, lowering its pension expense and growing its export...
FedEx on Wednesday reported higher second-quarter earnings, but the numbers fell short of analysts' expectations.
With FedEx reporting their second-quarter results later today, Arthur Hatfield, transport analyst and managing director at Raymond James, says that many factors will help boost FedEx's second quarter, including a "robust U.S. economy and healthy prep for the holiday season".
NEW YORK— The U.S. stock market had its best day in more than a year after the Federal Reserve said it would to remain "patient" in its approach to raising interest rates. "The Fed is going to be our friend for a very long time," said Burt White, chief investment officer for LPL Financial. That was the biggest gain for the index since October 2013.
FORSYTH, Ga.— A FedEx truck crash along a Georgia interstate sent packages spilling all over the highway just nine days before Christmas. A FedEx truck also overturned in New Jersey on Monday, one of the company's busiest shipping days of the year. FedEx spokeswoman Connie Avery says customers with questions on their shipments should track their packages online,...
Some of the names on the move ahead of the open.
A FedEx truck overturned in New Jersey on Monday, spilling packages on to a roadway during one of the company's busiest times of the year.
Investing in online shopping is essential for retailers, but there are a number of ways it can dent their sales and profits.
Shoppers can take some proactive steps to make sure their packages arrive on time, TODAY reports.
Insight to which shippers and retailers are getting holiday gifts delivered the fastest, with CNBC's Courtney Reagan.
FedEx is expecting another record setting holiday shipping season. FedEx SVP of Services Patrick Fitzgerald, touches on last year's conditions, and how this year compares.
Oil's decline could continue to take center stage as investors weigh whether the benefits of cheaper crude outweigh the pain for the producers.