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FedEx now up nearly 3% post-earnings

Mar. 22, 2017 8:41 AM ETFedEx Corporation (FDX) StockFDXBy: Stephen Alpher, SA News Editor2 Comments
  • Shares knee-jerked lower yesterday evening after the company missed FQ3 estimates by a wide margin, but management painted an optimistic picture on the earnings call (call transcript)
  • CEO Fred Smith says he expects ground segment margins of 15%+ in the current quarter, and sees margins, cash flows, and returns as all gaining over the coming years.
  • As for Amazon's move into the delivery business .... "Let me just say that Amazon is a longstanding customer of ours," says FedEx's (NYSE:FDX) Raj Subramaniam.
  • Shares +2.7% premarket
  • Previously: FedEx -3.75% after earnings miss (March 21)

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