Shares of FedEx (FDX) are up $12.61, or 5% to $266.50 in afternoon trading following company executives discussing Q2 guidance during a conference presentation.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDX:
- FedEx sees Q2 EPS better than last year’s $4.05, consensus $4.01
- FedEx sees sequential improvement from Q1 to Q2, y/y improvement
- FAA announced EAD sent to operators of MD-11, MD-11F airplanes
- Boeing advises operators of MD-11 Freighter to suspend flight operations
- FedEx says made ‘necessary operational modifications’ to meet FAA directive