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Stock impact report

FedEx (FDX) CEO is Playing Offense, Says Jim Cramer [Yahoo! Finance]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Yahoo! Finance
FedEx Corporation (NYSE:FDX) is another key US firm in the middle of a turnaround. As is with the turnarounds of Nike and Starbucks, Cramer is also a believer in the firm. FedEx Corporation (NYSE:FDX) recently posted its earnings report for the fiscal second quarter on December 18th. The results saw the firm's $23.5 billion in revenue and $4.82 in earnings per share beat analyst estimates of $22.8 billion and $4.12. FedEx Corporation (NYSE:FDX)'s earnings meant that Cramer, who had predicted ahead of the results that they would be a “blowout,” was proven correct. After the earnings, BMO Capital raised the share price target to $290 from $265 and kept a Market Perform rating. Since Cramer's comments on December 19th, shared below, FedEx Corporation (NYSE:FDX)'s shares are 2.2% higher: pio3 / Shutterstock.com “Again, people don't know what they're selling. This was a quarter, I was interviewing Raj, Raj Subramanian the CEO. . .and I know Raj is a hitter. So Raj comes out and he goe Show less Read more
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