DJ FedEx Stock Falls Following After-Hours Update -- WSJ
5:17 PM ET 9/15/22 | Dow Jones
By David Marino-Nachison
Shares of FedEx fell more than 15% after-hours after the shipping company on Thursday evening disclosed preliminary quarterly results that were below the company's previous forecasts. Read more on the news here (https://www.wsj.com/articles/fedex-says ... 1663275276).
The stock had fallen less than 0.1% in Thursday's regular session, closing at $204.87.
Shares of competitor UPS were down about 5% after-hours.
联邦快递（FDX）盘后跌了15%
版主： 牛河梁， alexwlt1024
Re: 联邦快递（FDX）盘后跌了15%
DJ FedEx Says Preliminary First-Quarter Results Miss Expectations as Macro Trends Worsen -- WSJ
4:54 PM ET 9/15/22 | Dow Jones
By Kathryn Hardison
FedEx Corp. said its first-quarter results are below the company's expectations as global volumes decline and macroeconomic trends worsened.
The company disclosed preliminary first-quarter results on Thursday, in which it said FedEx Express results were curbed by macroeconomic weakness in Asia and service challenges in Europe. That led to a revenue shortfall of about $500 million compared with the company's forecast.
FedEx Ground revenue was about $300 million below company forecasts.
Chief Executive Raj Subramaniam said the company is aggressively accelerating its cost-reduction efforts and looking at other ways to enhance productivity and reduce variable costs.
4:54 PM ET 9/15/22 | Dow Jones
By Kathryn Hardison
FedEx Corp. said its first-quarter results are below the company's expectations as global volumes decline and macroeconomic trends worsened.
The company disclosed preliminary first-quarter results on Thursday, in which it said FedEx Express results were curbed by macroeconomic weakness in Asia and service challenges in Europe. That led to a revenue shortfall of about $500 million compared with the company's forecast.
FedEx Ground revenue was about $300 million below company forecasts.
Chief Executive Raj Subramaniam said the company is aggressively accelerating its cost-reduction efforts and looking at other ways to enhance productivity and reduce variable costs.
持仓抄底锁利，你钱你定
看牛观猪喊熊，自娱自乐
股市变幻莫测，不作不死
赌途曲折无常，吃枣药丸
看牛观猪喊熊，自娱自乐
股市变幻莫测，不作不死
赌途曲折无常，吃枣药丸
Re: 联邦快递（FDX）盘后跌了15%
FedEx stock tanks nearly 15% after company withdraws outlook, says year is about to get worse
5:23 PM ET 9/15/22 | MarketWatch
By Claudia Assis
Revenue shortfall in Asia, Europe to hit half a billion, business conditions to 'further weaken' in fiscal second quarter
FedEx Corp. shares fell nearly 15% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and said that fiscal 2023 is about to become worse.
FedEx (FDX) said fiscal first quarter was hit by lower volumes globally, a trend that got worse toward the end of the quarter. It expects its business conditions "to further weaken" in the fiscal second quarter.
The company called for preliminary fiscal first-quarter adjusted earnings of $3.44 a share on sales of $23.3 billion.
Analysts polled by FactSet expect the company to report adjusted EPS of $5.14 on sales of $23.6 billion in the quarter when it reports a complete financial snapshot on Sept. 22. FedEx said it will offer an updated outlook and detail its cost-cutting plans then.
FedEx blamed "macroeconomic weakness" in Asia and "service challenges" in Europe for a $500 million revenue shortfall in these regions. Moreover, revenue from FedEx Ground is about $300 million below company forecasts, the company said.
FedEx vowed to cut costs "aggressively" and said it was mulling over other ways to "enhance productivity."
Only three months ago, FedEx gave investors a rosier outlook for its fiscal 2023.
In June, the company said its FedEx Express business improved in part thanks to fuel surcharges. But it already warned then that volumes were low globally due to pandemic lockdowns and economic and geopolitical uncertainty in Asia and beyond. It also reported lower FedEx Ground operating results.
Besides withdrawing its outlook for fiscal 2023, FedEx called for fiscal second-quarter revenue between $23.5 billion and $24 billion, and adjusted EPS of $2.75 "or greater." That contrasts with expectations of EPS of $5.48 on sales of $24.9 billion in the quarter, according to FactSet.
FedEx cut capital spending to $6.3 billion, compared with a previous forecast of $6.8 billion. The company kept its $1.5 billion share buyback plan intact, saying it expects to buy back $1 billion in the fiscal second quarter.
FedEx stock has lost 21% so far this year, compared with losses of around 16% for the S&P 500 index.
-Claudia Assis
5:23 PM ET 9/15/22 | MarketWatch
By Claudia Assis
Revenue shortfall in Asia, Europe to hit half a billion, business conditions to 'further weaken' in fiscal second quarter
FedEx Corp. shares fell nearly 15% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and said that fiscal 2023 is about to become worse.
FedEx (FDX) said fiscal first quarter was hit by lower volumes globally, a trend that got worse toward the end of the quarter. It expects its business conditions "to further weaken" in the fiscal second quarter.
The company called for preliminary fiscal first-quarter adjusted earnings of $3.44 a share on sales of $23.3 billion.
Analysts polled by FactSet expect the company to report adjusted EPS of $5.14 on sales of $23.6 billion in the quarter when it reports a complete financial snapshot on Sept. 22. FedEx said it will offer an updated outlook and detail its cost-cutting plans then.
FedEx blamed "macroeconomic weakness" in Asia and "service challenges" in Europe for a $500 million revenue shortfall in these regions. Moreover, revenue from FedEx Ground is about $300 million below company forecasts, the company said.
FedEx vowed to cut costs "aggressively" and said it was mulling over other ways to "enhance productivity."
Only three months ago, FedEx gave investors a rosier outlook for its fiscal 2023.
In June, the company said its FedEx Express business improved in part thanks to fuel surcharges. But it already warned then that volumes were low globally due to pandemic lockdowns and economic and geopolitical uncertainty in Asia and beyond. It also reported lower FedEx Ground operating results.
Besides withdrawing its outlook for fiscal 2023, FedEx called for fiscal second-quarter revenue between $23.5 billion and $24 billion, and adjusted EPS of $2.75 "or greater." That contrasts with expectations of EPS of $5.48 on sales of $24.9 billion in the quarter, according to FactSet.
FedEx cut capital spending to $6.3 billion, compared with a previous forecast of $6.8 billion. The company kept its $1.5 billion share buyback plan intact, saying it expects to buy back $1 billion in the fiscal second quarter.
FedEx stock has lost 21% so far this year, compared with losses of around 16% for the S&P 500 index.
-Claudia Assis
持仓抄底锁利，你钱你定
看牛观猪喊熊，自娱自乐
股市变幻莫测，不作不死
赌途曲折无常，吃枣药丸
看牛观猪喊熊，自娱自乐
股市变幻莫测，不作不死
赌途曲折无常，吃枣药丸
Re: 联邦快递（FDX）盘后跌了15%
Deglobalization is trending, i.e. their strategy for coming years should focus more on local/domestic.
PS: 又是个烙印CEO！FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments.
“Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.,” CEO Raj Subramaniam
I would recommend all to write in English, in order to make it a bit difficult for MaskMan to manipulate this community.
Re: 联邦快递（FDX）盘后跌了15%
没生意就是没生意，用不着装B,
国际包裹已经被AMAZON的物流所
取代了吧，已经不是一天两天的事了，
疫情不都两年了么，还什么国际包裹，
别笑了。就是国内包裹，我从这寄到
明尼苏达20多刀，我AMAZON买个新
的寄到明尼苏达不要钱，谁还去寄
包裹
国际包裹已经被AMAZON的物流所
取代了吧，已经不是一天两天的事了，
疫情不都两年了么，还什么国际包裹，
别笑了。就是国内包裹，我从这寄到
明尼苏达20多刀，我AMAZON买个新
的寄到明尼苏达不要钱，谁还去寄
包裹
Re: 联邦快递（FDX）盘后跌了15%
美国公司现在的毛病都是一样的，就是所谓的管理层mba吧公司的利率一多半都吃光了。对底层员工合同工恨不得扒皮抽筋，ground这次被contractor逼宫了，后面就是连锁效应
YWY 写了： 2022年 9月 15日 17:28 DJ FedEx Stock Falls Following After-Hours Update -- WSJ
5:17 PM ET 9/15/22 | Dow Jones
By David Marino-Nachison
Shares of FedEx fell more than 15% after-hours after the shipping company on Thursday evening disclosed preliminary quarterly results that were below the company's previous forecasts. Read more on the news here (https://www.wsj.com/articles/fedex-says ... 1663275276).
The stock had fallen less than 0.1% in Thursday's regular session, closing at $204.87.
Shares of competitor UPS were down about 5% after-hours.
If printing money would end poverty, printing diplomas would end stupidity.
Re: 联邦快递（FDX）盘后跌了15%
这个烂公司自己烂，还怪recession。他家网点少，有时候我退个东西打印出来的label 一看是fedex,天都要塌了的感觉。ground 更是慢的惊人，UPS再慢都不会慢到那个地步。UPS 的车一天到晚在小区里出现，FedEx 就没见过几次