Breaking Market News for FedEx, McDonald’s and Talbots
FedEx Corporation (NYSE:FDX) hikes its dividend, McDonald's Corporation (NYSE:MCD) increased sales and The Talbots, Inc. (AMEX:TLB) plunges after earnings.
FedEx Corporation (NYSE:FDX) said Tuesday it has increased its cash dividend payment to shareholders by 9.1%, boosting shares at the start of trading. FedEx said it has upped its cash dividend to 12 cents per share from the previous dividend payment of 11 cents a share. The increased dividend is payable July 1 to shareholders of record at the close of trading June 17. The increase bumps FedEx's dividend yield to 0.62% from 0.57%. More at TheStreet.com
McDonald's Corporation (NYSE:MCD) posted another strong month in may as the hamburger giant reported Tuesday that same-store sales - those at outlets open at least a year - rose 4.8% on a global basis with all geographic sectors contributing to the positive results. However, the company also cautioned that currency rates - particularly the weakening euro - could weigh on its full-year profit if recent trends continue. More at MarketWatch
Shares of women’s apparel retailer The Talbots, Inc. (AMEX:TLB) are down $1.35, or 10%, at $12.09, after the company this morning reported $320 million in Q1 revenue, missing the average $323 million estimate, but beat profit estimates by 22 cents per share, reporting 38 cents. For the year, the company forecast profit per share of 75 cents to 83 cents, ahead of the average 74-cent estimate, but Q2 EPS is coming in light, with a projection for break-even to 5 cents, below the 5-cent average estimate. Including special items, the company reported a Q1 net loss per share of 12 cents, a big improvement from the year-earlier 35-cent loss. More at Barron’s