FedEx Meets 1Q Wall Street Estimates
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Express shipping giant FedEx Corp. on Wednesday reported that first-quarter earnings more than doubled on sharply higher revenue and average daily package volumes to meet Wall Street expectations.
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Stocks were little changed on Thursday as a weak outlook from economic bellwether FedEx and sharply lower profit from investment bank Bear Stearns helped stall a rally that followed this week's aggressive interest rate cut.
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YESTERDAY Close $109.80 Change +$1.74 52-WEEK High $121.42 Low $97.79 FedEx Corp. posted a 7 percent increase in fourth-quarter profit yesterday on higher revenue but said a sluggish US economy dampened business.
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US stocks closed slightly higher Wednesday, as better-than-expected quarterly results from investment bank Lehman Brothers Holdings Inc.
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FedEx Corp. (FDX.N: Quote, Profile, Research) on Monday raised its earnings forecasts, citing strong demand in several of its businesses despite concerns about the slowing growth in the US economy.
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Package delivery company FedEx Corp.   FDX.N said on Thursday its quarterly profit jumped 40   percent, beating expectations, on strong growth in its ground   and freight segments.
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Package delivery company FedEx Corp.   said on Wednesday its quarterly net profit rose despite  slowing U.S. economic growth, with gains in its express,  freight and ground delivery units.
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FedEx Corp. had a "strong" pre-Christmas holiday season and a newly introduced fuel surcharge is enough to address concerns over margins in its ground business, Chairman and CEO Fred Smith said on Monday.
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FedEx Corp., the world&#39;s top air-express shipper, said Thursday quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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The Nikkei average rose 1.09 percent on   Monday to its highest level in more than three months on gains   in exporters such as Canon Inc. 7751.T after U.S. stocks rose   on a report showing U.S. job growth was slightly stronger than   expected.
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FedEx Corp. said Thursday that second-quarter earnings more than tripled year-over-year, due to strong results in the company&#39;s express, ground and freight businesses.
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Investor's Business Daily - Investors got a friendly package from FedEx Wednesday: big quarterly results and higher forecasts.
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U.S. stocks rose on Thursday, sending the Dow up 1 percent to a record after retailers posted upbeat monthly sales figures and outlooks, boosting optimism about consumer spending.
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Wall Street was poised for a flat start on Tuesday despite support from a firmer dollar and crude oil prices falling to a 1-month low.
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FedEx Corp. FDX.N, the world's top  air-express shipper, on Thursday said quarterly profit more  than tripled on strength in its international, ground and  freight businesses, and the company raised its full-year  earnings forecast.
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No. 5 US bank posts profit of $1 a share, two cents better than estimates, revenue up 5%. NEW YORK  - Wachovia Corp., the No.
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The dollar kept close to the previous  session's one-week highs against the euro and Swiss franc on  Thursday, holding steady as investors awaited U.S. data to  confirm fresh signs of strength in U.S. manufacturing.