News Formal

FedEx Earnings Are Coming. Here’s What to Watch.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The company reports fiscal first-quarter numbers Wednesday evening. Wall Street is looking for earnings per share of $3.71 from sales of $21.7 billion.

FedEx is set to report earnings after the close—and they better be good or the stock could be in trouble. One reason investor expectations are rising is the labor negotiations at United Parcel Service that wrapped up in late August.

Investors are probably looking for a beat. One reason is some additional volume that came to FedEx from UPS as businesses looked to protect themselves from a potential UPS labor stoppage. About a week ago, UPS “effectively guided 3Q earnings per share 25% below consensus,” wrote Citi analyst Christian Wetherbee in a recent report. Higher labor costs as well as shifting volumes were to blame.

The weaker-than-hoped-for outlook was a reason shares dropped 2.5% after the report, closing at $224.73. Shares have recovered though, closing Tuesday at just under $250 a share.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

FedEx Earnings Are Coming. UPS Labor Talks Are a Big Factor.The company reports fiscal first-quarter numbers Wednesday evening. Wall Street is looking for earnings per share of $3.71 from sales of $21.7 billion.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »