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Below we provide the historical quarterly reports for FedEx (NYSE:FDX) going back to the end of 2001. We also provide the price change on the day of these reports so investors can see how the stock typically trades.

The stock has gapped higher on earnings nine times and has gone up from the open to the close eight out of those nine times for an average change of 2.31%. When the stock gaps down on earnings, it averages a further decline of -0.75% from open to close. So historically, traders have taken the "trend is your friend" approach on FDX earnings days.

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Source: FedEx Post-Earnings: The Trend Is Your Friend