Earnings Preview: FedEx - CNBC Analysts predict that FedEx Corp. will report better-than-expected fiscal third-quarter earnings on Thursday, as more package shipments and higher prices offset accelerating fuel prices. Investors are also surely hoping for comments from FedEx on UPS' $6.77 billion deal to buy TNT Express, Europe's No. 2 delivery company. Although TNT has struggled during the European financial crisis, it's a valuable prize that allows UPS to better compete with Germany's DHL. United Parcel Service Inc. will have between one-quarter and one-third of the vast European package delivery market, according to an analyst's estimate, after the deal is completed. That will likely put pressure on FedEx in the highly competitive European market.