FedEx Drops After Earnings Report While Jabil Rises

FedEx Drops After Earnings Report While Jabil Rises

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FedEx shares sank 12% after releasing its second quarter results. Earnings were $935 million ($3.51 per share), compared to $775 million ($2.84 per share) a year earlier. In adjusted basis, the EPS was $4.03, against $3.18 a year earlier. Revenues reached $17.8 billion, compared with $16.3 billion a year ago. Analysts on average expected a quarterly EPS of $3.94, for revenues of $17.8 billion. By mentioning in particular an economic slowdown in Europe, and a possible deceleration of world trade in the short term, the group is now targeting an annual EPS of between $12.65 and $13.40.

Jabil increased 7% after presenting fiscal first quarter report. Net income was $123.6 million ($0.76 per share), compared with $63.8 million ($0.35 per share) a year earlier. The adjusted EPS is $0.90. Revenues amounted to $6.51 billion, against $5.59 billion a year earlier. Analysts on average expected a quarterly EPS of $0.88, for revenues of $6.1 billion. In the current quarter, the group targets EPS between $0.51 and $0.71, for revenues between $5.8 and $6.4 billion.

General Mills marked a 5% rally on the back of its second quarter accounts. Profit in the period was $343 million ($0.57 per share), compared to $430 million ($0.74 per share) a year earlier. On an adjusted basis, earnings per share amounted to $0.85. Sales rose 5.1% to $4.41 billion. Analysts on average expected a quarterly EPS of $0.81, for sales of $4.5 billion. In fiscal year 2019, the group targets organic sales up 0 to 1%, for EPS down 0 to 3% ($3.11 in 2018).

Eli Lilly climbed 2.4% thanks to dividend hike. It expects a profit per share of $5.90 to $6 for fiscal year 2019 with revenues ranging from $25.3 to $25.8 billion. On 2018, the EPS is still expected between $5.55 and $5.60. The group also announces a 15% increase in its quarterly dividend, which amounts to $0.645 per share.

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Javier Davis produces news on stocks, currencies, bonds, commodities, and real estate. His in-depth research covers most of the major financial markets in America, Europe, and Asia. His research is based on the interconnected relationships among economic and technical factors that drive valuations in the markets, with an emphasis on how to formulate investment strategies. From interest rates to inflation to economic growth and much more, the fundamental concepts presented on this website provide an essential foundation of knowledge for investors to profit in stocks, bonds, commodities, currencies, and real estate markets.

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