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Analyst on how FedEx beat earnings expectations

Stay-at-home orders have been good for FedEx. Residential deliveries surged in the latest quarter as people shopped more online during the Covid-19 lockdowns. The company's revenue topped expectations, which is lifting the stock ahead of the open. Ken Hoexter, research analyst at BofA Securities, joins "Squawk Box" to discuss.
Wed, Jul 1 20207:21 AM EDT