In addition to the earnings beat, FedEx (FDX +3%) expects FQ3 EPS to be $1.25-$1.45 vs....

|By:, SA News Editor

In addition to the earnings beat, FedEx (FDX +3%) expects FQ3 EPS to be $1.25-$1.45 vs. consensus of $1.31. For FY12, the company reaffirms its estimate of $6.25-$6.75. The firm announces a deal to purchase 27 Boeing (BA) 767s as part of a fleet modernization effort even as it delays taking delivery of 11 777Fs "to better balance ... capacity to demand."