Market Overview

United Parcel Service, Inc. Shares Follow FedEx Corporation Shares Higher On FedEx Earnings Beat

Share:
Related FDX
How Wal-Mart Contract Will Boost Workday Revenue
Retailers, Shippers Prepare For January 5, 'National Returns Day'
Kansas City Southern - It's Time To Get Serious On Mexico (Seeking Alpha)

Before the opening bell today, FedEx Corporation (NYSE: FDX) reported better-than-expected revenue ($11.7 billion vs. $11.47 billion) and EPS ($2.10 vs. $1.94) for its fiscal first quarter.

Following the release, the company's shares shot up, trading recently at $160.45, up 3.7 percent.

In what seems to be a sympathy play, the Street has also sent shares of United Parcel Service, Inc. (NYSE: UPS) up 1.55 percent.

Posted-In: Earnings News Movers

 

Related Articles (FDX + UPS)

View Comments and Join the Discussion!