FedEx stock surges as full year forecasted earnings upped

fedex-truckThe second-top parcel delivery company in the world, FedEx, today upped earnings projections for the current fiscal quarter and for full year earnings.

The company’s Chief Financial Officer (CFO), Alan Graf, made the announcement early today in a written statement.

Mr. Graf said the increase in earnings projections were a direct result of better-than-anticipated volume growth with Express and Ground shipments.

The company raised EPS forecasts to $1.05-$1.25 per share, up from $0.85 to $1.05 per share.

For the full year, the company raised EPS projections to as high as $5.20 per share, up almost 17-percent from $4.40 per share.

The market is reacting positively to the news, sending the FedEx stock (NYSE:FDX) trading up more than $3.70 per share (4.7-percent up) to $82.69 per share in early morning trading today.


tag TAGS: ,
Short URL: http://business2press.com?p=7027
Recommended:
b2p Ensure that you follow us on Twitter and Like us on Facebook
Peggy holds a Bachelor Arts degree with honors in Economics from York University in Toronto, Canada. She is a Certified Management Accountant (CMA). She has also passed Level I of the Chartered Financial Analyst (CFA) Program. She is also a realtor. Write to peggy@business2press.com
checkmark
We are perfectly committed to the highest ethical and professional codes of conduct and standards in the industry on a firm wide basis. Learn more about us, our contributors, and our governance
b2p
We encourage you to comment. Comments are moderated. Comments that are abusive, off-topic, have marginal substance, or include promotional content will be removed. We cannot facilitate requests to edit or remove comments, or explain moderation decisions
  • http://www.allvoices.com/contributed-news/5807173-tej-kohli-ipad-review Tej Kohli

    Wow that Great My Heartiest Congratulations

Business 2.0 Press publishes exclusive business tech news and analysis covering start-ups to large-caps from Bay & Wall streets since 2008 from a group of highly knowledgeable industry professionals that abide by the toughest industry codes of conduct and professional standards lightMore

lightAdd value by subscribing (RSS)

logo

StockFractions.com has the most stock ratios for public companies. Get the most comprehensive micro insight on public firms available on the web, all for free.
Stock Fractionsgo

title

Colon cancer is one of the leading causes of death. Irrespective of family history, everyone is exposed to the risk. About 90% of colon cancer cases begin from non-cancerous tumors, polyps, which could form in the large bowel. Screening with a colonoscopy will painlessly remove any polyps hence almost entirely reducing your risk of developing the horrible disease. The good news is that about 90% of colon cancer cases are preventable through a simple (yes, simple) colonoscopy.
Learn moreatom
Public service message from Business 2.0 Press