BUZZ-Street View: FedEx keeps its engine running despite heavy cargo
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FedEx plans for $175 million in unexpected peak-season costs due to grounding of MD-11 cargo planes after a UPS crash. Q2 profit and revenue beat estimates, raising full-year earnings outlook. Shares fall 1.4% premarket. Analysts have mixed views: J.P. Morgan expects neutral stock reaction, Morgan Stanley notes new business wins, TD Cowen and Jefferies foresee cost pressures in 2H.
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