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$FDX's Ground Segment revenue increased 32% in 2Q16 due to the inclusion of GENCO results, higher ground volume and base rates, and the recording of SmartPost revenues on a gross basis versus the previous net treatment. $FDX Ground average daily volume grew 9% in the quarter primarily driven by growth in e-commerce.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.