Company News: FedEx (FDX) missed earnings estimates and lowered EPS outlook

Market news

16 September 2015

Company News: FedEx (FDX) missed earnings estimates and lowered EPS outlook

Company reported Q1 profit of $2.42 per share versus $2.46 consensus. Revenues rose 5.0% y/y to $12.3 bln versus $12.3 bln consensus.

Company issued downside guidance for FY16, lowered EPS to $10.40-10.90 from $10.60-11.10 versus $10.82 consensus.

During the quarter, the company acquired 1.1 million shares of FedEx common stock.

FDX fell to $148.90 (-3.31%) on the premarket.

European Central Bank (ECB) Vice President Vitor Constancio: there is a scope to extend the asset-buying programme

Foreign exchange market. European session: the British pound traded higher against the U.S. dollar after the mostly better-than-expected U.K. labour market data

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