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Stock impact report

Why FedEx (FDX) Dipped More Than Broader Market Today [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
This move lagged the S&P 500's daily loss of 0.34%. On the other hand, the Dow registered a gain of 0.23%, and the technology-centric Nasdaq decreased by 0.33%. Coming into today, shares of the package delivery company had lost 4.91% in the past month. In that same time, the Transportation sector lost 10.34%, while the S&P 500 lost 4.05%. The investment community will be paying close attention to the earnings performance of FedEx in its upcoming release. On that day, FedEx is projected to report earnings of $5.33 per share, which would represent year-over-year growth of 7.89%. In the meantime, our current consensus estimate forecasts the revenue to be $22.12 billion, indicating a 0.89% growth compared to the corresponding quarter of the prior year. For the full year, the Zacks Consensus Estimates are projecting earnings of $17.69 per share and revenue of $87.74 billion, which would represent changes of +18.25% and -2.63%, respectively, from the prior year. Investors should als Show less Read more
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