Edward Wolfe Quotes
Materially higher than expected revenue growth and better than expected cost side performance drove the upside in what we view as a high quality, clean quarter. 
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Materially | Higher | Expected | Revenue | Growth |
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While the stock has been strong year-to-date and expectations were for a strong quarter, our sense is this was a very strong and clean quarter that shows evidence of increasing volume acceleration at Ground, improving margins at Express and stabilizing yields generally.
- Edward Wolfe
I think FedEx's stock will be under a little bit of pressure, because UPS will be comparing and contrasting numbers. UPS saw volume growth of 14.5 percent on overnight product in the most recent quarter. FDX saw only 3.9 percent. It's too early to tell if UPS is taking away market share, but that will be the implication that comes out on the road show.
- Edward Wolfe