Shares of FedEx Corp. (NYSE: FDX), providing customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services, edged higher in trading today. FDX shares ended the day 0.91% higher at $93.20 on above average volume of 5.32 million. The stock hit an intra-day high of $95.44, and has gained 3.45% in the last three trading sessions.
FDX shares rose today after the company reported its second-quarter financial results. For the quarter ended November 30, 2012, FDX reported earnings of $1.39 per diluted share, compared to $1.57 per share. Although FDX’s second-quarter earnings fell, the decline was less than forecast. The company also said that Superstorm Sandy impacted the second-quarter’s results by $0.11 per diluted share due to reduced shipment volumes and incremental operating costs.
Frederick W. Smith, Chairman, President and CEO of FedEx, said that operating income for the quarter improved at FedEx Freight and FedEx Ground due to increased volume and higher yields, while persistent weakness in the global economy and increased demand from lower-yielding international services limited profits at FedEx Express.
Shares of Herbalife Ltd. (NYSE: HLF), a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.7 million independent distributors, tumbled in trading today.
HLF shares ended the day 12.14% lower at $37.34 on above average volume of 20.68 million. The stock fell to a 52-week low of $35.95 in trading today, and has fallen 15.02% in the last three trading sessions.
HLF shares tumbled after hedge fund manager Bill Ackman shorted the company’s stock and said that HLF is a “Pyramid Scheme.”
Shares of Thor Industries Inc. (NYSE: THO), a manufacturer and seller of a range of recreation vehicles and small and medium-size buses in the U.S. and Canada, rallied in trading today.
THO shares ended the day 7.91% higher at $36.99 on volume of 715,543. The stock hit an intra-day high of $37.26 in trading today.
Shares of Intuitive Surgical Inc. (NASDAQ: ISRG), a designer, manufacturer and marketer of da Vinci Surgical Systems and related instruments and accessories, fell sharply in trading today.
ISRG shares ended the day 5.69% lower at $515.49 on above average volume of 2.42 million. The stock fell to an intra-day low of $508.08 in trading today.
Shares of General Motors Company (NYSE: GM), the Detroit, Michigan-based automaker, rose sharply in trading today.
GM shares ended the day 6.63% higher at $27.18 on above average volume of 54.87 million. The stock hit a 52-week high of $27.91 in trading today, and has gained 10.44% in the last three trading sessions.
GM shares rallied in trading today after the U.S. Treasury Department said that it would sell its holdings in the automaker in the next 12 months to 15 months.
Shares of Navistar International Corp. (NYSE: NAV), a manufacturer of international brand commercial and military trucks, IC Bus (IC) brand buses, MaxxForce brand diesel engines, Workhore Custom Chassis (WCC) brand chassis for motor homes and step vans, and Monaco RV recreational vehicles, plunged in trading today.
NAV shares ended the day 8.45% lower at $20.92 on above average volume of 8.40 million. The stock fell to an intra-day low of $20.22 in trading today.
NAV shares fell sharply after the company posted a big loss in its fourth quarter.
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