Fedex Corp
NYSE: FDX
$273.29
+$3.26 (+1.2%)
Closing Price on January 24, 2025
FDX Articles
In a move that has been expected for at least two weeks, FedEx announced late Tuesday that it has placed a firm order for 50 additional Boeing 767-300F freighters.
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The board of directors of FedEx met in Seattle over the weekend, and one of the items on the agenda was the purchase of more 767 cargo planes from Boeing.
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It now appears that FedEx is about to place an order for as many as 50 of Boeing’s 767-300F freighters. The list price for the plane is $199.3 million, valuing an order for 50 at nearly $10 billion.
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FedEx is spreading its wings and preparing to take flight as the company looks to expand further into Europe with its most recent acquisition.
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The sharp drop in FedEx shares betrays more about current market weakness than it does about FedEx in particular, or even delivery services in general.
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FedEx reported mixed fiscal fourth-quarter financial results Wednesday before the markets opened.
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FedEx is scheduled to report its fiscal fourth-quarter financial results on Wednesday before the markets open.
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24/7 Wall St. has put together a preview of FedEx, Oracle and other companies reporting their quarterly results this week.
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FedEx has announced that its board of directors declared a quarterly cash dividend of $0.25 per share, an increase of 25% from the previous level.
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24/7 Wall St. has identified five coming dividend hikes that investors can bank on this summer -- though one of the five actually announced its hike before this was published.
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Thursday's top analyst upgrades, downgrades and initiations include Antares Pharma, Michael Kors, Palo Alto Networks, Ralph Lauren, Chipotle Mexican Grill and Ericsson.
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The sinkhole called the U.S. Postal Service lost another $1.3 billion in the first quarter, more evidence that the it needs to begin cutting costs aggressively now.
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While investors have been enjoying ever higher dividends and buybacks at a new record, you just do not see waves and waves of stock splits any longer.
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FedEx reported better-than-expected fiscal third-quarter earnings before the markets opened Wednesday, along with soft guidance.
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24/7 Wall St. has generated four earnings previews that investors will be watching closely in the week ahead.
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