Breaking News - Federal Express Earnings.

Earlier we highlighted Federal Express (FDX, quote) in the Morning Coffee Break as a company to watch.  FDX reported better than expected quarterly earnings of $1.45 per share on revenue of $10.8 billion.  Traders were looking for $1.40 per share on $10.7 billion in revenues.  However, FDX did lower outlook citing worsening global growth.

Is FDX’s earnings beat a sign to come for United Parcel Service’s (UPS, quote) October 23 earnings release?  Current earnings estimates for UPS are $1.07 per share.