Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  FedEx Corporation    FDX

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

FedEx : says cyber attack to hurt full-year results

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/17/2017 | 04:35pm CEST
TNT Express logo is pictured at headquarters in Hoofddorp

Package delivery company FedEx Corp said a disruption in services in its TNT Express unit following a cyber attack last month would hurt its full-year results.

FedEx's shares fell as much as 3.4 percent to $211.53 in early trading as the company said the financial impact of the disruption on its results was likely to be "material".

The Netherlands-based TNT Express is still experiencing widespread service delays following the attack, caused by the Petya cyber virus that spread through a Ukrainian tax software product, FedEx said.

FedEx said it lost revenue due to decreased volumes at TNT Express and incurred incremental costs from contingency plans and remediation of affected systems.

The company said it did not have an insurance in place that covered the impact from the cyber attack.

FedEx, which is evaluating the financial impact of the cyber attack, said it was unable to estimate when services at TNT Express would be fully restored. (http://bit.ly/2uAnQKG)

The company also said no data breach or data loss to third parties was known to have occurred as of July 17.

The Petya cyber virus spread from Ukraine in June, crippling thousands of computers around the globe, with the shipping and logistics industry among those hit the hardest.

The malicious code encrypted data on machines and demanded victims $300 ransoms for recovery, similar to the extortion tactic used in the global WannaCry ransomware attack in May.

FedEx is scheduled to report its first-quarter results in September.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel and Saumyadeb Chakrabarty)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FEDEX CORPORATION
10/20 FEDEX : Five things about East Allen's no vote on allowing more warehouses next ..
10/20 FEDEX : VIDEO | FedEx Delivers Relief Supplies to Puerto Rico
10/19 FEDEX : Expanding Capabilities with Acquisition of Northwest Research; A leader ..
10/19 FEDEX : adding 900 holiday jobs in St. Paul
10/18 FEDEX : Expanding Capabilities with Acquisition of Northwest Research
10/18 FEDEX : Turnover of TNT Latvia transportation company reached EUR 4.25 million i..
10/18 FEDEX : Rev. Jesse L. Jackson and FedEx Deliver Food, Water and Hope to Puerto R..
10/18 FEDEX : Falls woman scammed out of $30K
10/18 FEDEX : 'deeply saddened' by 'tragic accident' at Lubbock airport facility
10/17 FEDEX : Express joins AmCham Abu Dhabi's ‘Women Achieve’ initiative
More news
News from SeekingAlpha
10/20 How Investors Should Be Thinking About NAFTA In The Short Term
10/18 FedEx lays out long-term goals
10/17 Amazon takes Lockers concept to apartment buildings
10/16 TRANSPORTS WEEK IN REVIEW : J.B. Hunt Gets Transports Off On The Wrong Foot For ..
10/16 J.B. Hunt Results Weigh On Trucking Industry, But Trucking May Soon Push High..
Financials ($)
Sales 2018 63 230 M
EBIT 2018 5 679 M
Net income 2018 3 259 M
Debt 2018 10 996 M
Yield 2018 0,87%
P/E ratio 2018 18,94
P/E ratio 2019 15,19
EV / Sales 2018 1,12x
EV / Sales 2019 1,06x
Capitalization 60 057 M
Chart FEDEX CORPORATION
Duration : Period :
FedEx Corporation Technical Analysis Chart | FDX | US31428X1063 | 4-Traders
Technical analysis trends FEDEX CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 235 $
Spread / Average Target 4,9%
EPS Revisions
Managers
NameTitle
Frederick Wallace Smith Chairman & Chief Executive Officer
David J. Bronczek President & Chief Operating Officer
Alan B. Graf Chief Financial Officer & Executive Vice President
Rob B. Carter Chief Information Officer
James L. Barksdale Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
FEDEX CORPORATION19.39%59 609
UNITED PARCEL SERVICE4.17%102 314
DEUTSCHE POST22.47%54 769
EXPEDITORS INTERNATIONAL OF WASHINGTON11.23%10 608
YAMATO HOLDINGS CO., LTD.-5.64%8 143
BPOST6.11%5 576