Huck

Fedex raises first-quarter earnings view to $1.23 a share
By Sue Chang
Last update: 4:43 p.m. EDT Sept. 9, 2008Comments: 1







FDX said late Tuesday it is raising its first-quarter earnings outlook to $1.23 a share, compared with 80 cents to $1 a share previously announced. "First quarter results benefitted from lower-than-expected fuel costs late in the quarter and stringent cost management," said Alan Graf, executive vice president and chief financial officer of Fedex, in a statement. It reaffirmed its fiscal 2009 earnings view of $4.75 to $5.25 a share, noting weaker economic conditions offset better-than-expected first quarter results. It also scaled back its capital investment plans for 2009 by $400 million to $2.6 billion as slower economic growth in the U.S. is spreading to other parts of the world. Analysts polled by FactSet Research forecast the company to earn 98 cents a share in the first quarter and $5.09 a share in 2009.

magic rat

See, the sky isn't falling after-all.

MaxKts

So when do we get a pay raise???????

Overnitefr8

When BLG's go above 68.

W0XOFF

NOT going to happen . .BUT my stock is going back up!

You MIGHT consider buying! (FDX: Summary for FEDEX CORP - Yahoo! Finance)

Interesting move. .down .11 ahead of the good news. Can't figure out why the BoD has not recommended another split. It has been a looooong time (FDX: Basic Chart for FEDEX CORP - Yahoo! Finance) . .and I think it is due.

MaydayMark

I was watching some financial guru on cable TV this afternoon, they asked him specifically what he thought about FedEx's raised outlook. It was his feeling that this wasn't especially good news, that it reflected that probably nobody has a really good grasp of what's going on at FedEx! At least Flight Ops is managed like the rest of the corporation

MaydayMark

I'm sure that if the BOD of this major corporation knew that WOXOFF was recommending a split that they would almost certainly do that. Have you contacted them with your advice personally or do you just expect them to read it here? LMAO!

kronan

What an idiot? If forecasted revenues were based on oil in the 150$ range, and there's been a 30% drop, kind of amazing to see the revenue increase in the 30% ballpark.

The big question is going to be how does peak compare to last year. Last reported volume is still lower than we would like it to be.

Sky was never falling, we've always been making $$$. Just not as much as we would have liked, or had forecast. And if the sky drops a little lower, we still have tons of money in the bank to carry us forward to when the sky starts going up and we are behind the hiring/training curve (again)

Gunter

With all due respect it matters where you fall on the seniority list.

If you are more than 500 off the bottom everything is sunny.

NoHaz

Well maybe a high OVC layer if you lost your Capt bid on the >60 comeback