FedEx Corporation (NYSE:FDX) was in 44 hedge funds' portfolio at the end of the first quarter of 2013. FDX shareholders have witnessed a decrease in activity from the world's largest hedge funds lately.
The company has a market capitalization of $31.76 billion. It is expected to report FY 2013 fourth-quarter EPS of $1.97 on revenue of $11.45 billion, compared with a profit of $1.99 a share on revenue of $11.00 billion a year earlier.
FedEx Corp. (FDX) said it is taking a $100 million impairment charge for its quarter ended May 31 to park old, inefficient aircraft as it accelerates an ongoing fleet modernization effort amid the slow economy.
Analysts are weighing in today on cruise concern Carnival Corporation (NYSE:CCL), package delivery service FedEx Corporation (NYSE:FDX), and fine accessories designer Coach, Inc. (NYSE:COH). Here's a quick roundup of today's bearish brokerage ...