No panic over FedEx's profit miss


FedEx (FDX) regains a good chunk its early loss and trades only 0.1% lower premarket following a profit miss with its FQ2 report.

A key point from FedEx's quarter was that margins in the Express segment held up well, notes Hedgeye.

No panic from UPS (UPS) investors over the miss at FedEx, shares trade flat premarket.

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