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2021-12-17

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FedEx jumped nearly 5% in premarket trading on earnings beat, outlook hike, $5 billion share buyback plan

FedEx jumped nearly 5% in premarket trading on earnings beat, outlook hike, $5 billion share buyback

FedEx jumped nearly 5% in premarket trading on earnings beat, outlook hike, $5 billion share buyback plan

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The company also forecast capital spending of $7.2 billion.</p>\n<p>Back in September, FedEx said it was hiking shipping rates in 2022.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FedEx jumped nearly 5% in premarket trading on earnings beat, outlook hike, $5 billion share buyback plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFedEx jumped nearly 5% in premarket trading on earnings beat, outlook hike, $5 billion share buyback plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-17 17:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>FedEx jumped nearly&nbsp;5% in premarket trading&nbsp;on earnings beat, outlook hike, $5 billion share buyback plan.<img src=\"https://static.tigerbbs.com/7f2685bce553cd07717807c2e5b2c01f\" tg-width=\"765\" tg-height=\"569\" width=\"100%\" height=\"auto\">The company reported fiscal second-quarter net income of $1.04 billion, or $3.88 a share, compared with $1.23 billion, or $4.55 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $4.55 a share, compared with $4.83 a share in the year-ago period.</p>\n<p>Revenue rose to $23.5 billion to $20.56 billion in the year-ago quarter.</p>\n<p>Analysts surveyed by FactSet had forecast $4.28 a share on revenue of $22.41 billion.</p>\n<p>Excluding year-end mark-to-market accounting adjustments for retirement plans and other charges, FedEx said it forecast earnings of $20.50 to $21.50 a share, up from a previous $19.75 to $21 a share, for the year.</p>\n<p>Analysts estimate earnings of $4.41 a share on revenue of $22.97 billion for the third quarter, and $19.75 a share on revenue of $91.09 billion for the year.</p>\n<p>FedEx also said its board authorized a new $5 billion share buyback program, with $1.5 billion of that under an \"accelerated\" program. The company said the new program is in addition to the 2.3 million shares still authorized from its previous plan, or $548.6 million in authorization based on Thursday's closing price.</p>\n<p>The company said it already bought back about $750 million in shares fiscal year-to-date, and ended the quarter with $6.8 billion in cash. The company also forecast capital spending of $7.2 billion.</p>\n<p>Back in September, FedEx said it was hiking shipping rates in 2022.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103201358","content_text":"FedEx jumped nearly 5% in premarket trading on earnings beat, outlook hike, $5 billion share buyback plan.The company reported fiscal second-quarter net income of $1.04 billion, or $3.88 a share, compared with $1.23 billion, or $4.55 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $4.55 a share, compared with $4.83 a share in the year-ago period.\nRevenue rose to $23.5 billion to $20.56 billion in the year-ago quarter.\nAnalysts surveyed by FactSet had forecast $4.28 a share on revenue of $22.41 billion.\nExcluding year-end mark-to-market accounting adjustments for retirement plans and other charges, FedEx said it forecast earnings of $20.50 to $21.50 a share, up from a previous $19.75 to $21 a share, for the year.\nAnalysts estimate earnings of $4.41 a share on revenue of $22.97 billion for the third quarter, and $19.75 a share on revenue of $91.09 billion for the year.\nFedEx also said its board authorized a new $5 billion share buyback program, with $1.5 billion of that under an \"accelerated\" program. The company said the new program is in addition to the 2.3 million shares still authorized from its previous plan, or $548.6 million in authorization based on Thursday's closing price.\nThe company said it already bought back about $750 million in shares fiscal year-to-date, and ended the quarter with $6.8 billion in cash. The company also forecast capital spending of $7.2 billion.\nBack in September, FedEx said it was hiking shipping rates in 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":544,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}