This market will resolve to “Up” if the first official NYSE closing price for FedEx (FDX) after the next earnings release is higher than the official NYSE closing price for FDX prior to the earnings release. This market will resolve to “Down” if the official NYSE closing price for FedEx (FDX) after the next earnings release is lower than the official NYSE closing price for FDX prior to the earnings release. This market resolves based on the exact timing of the company’s first public release of earnings figures, regardless of whether they appear in a press release, earnings call, SEC filing, or similar. If the earnings figures are released before the close of regular trading hours, the same day’s closing price will be compared to the most recent prior closing price. If the numbers are released after the market has closed, the following day’s closing price will be compared to the most recent prior closing price. The ‘most recent prior closing price’ always refers to the latest regular session close preceding the earnings release. Only official closing prices from regular trading days will be used. If the two specified closing prices are exactly equal, this market will resolve 50-50. Note that all figures will be rounded to the nearest cent using standard rounding. If FDX does not trade at all during the specified regular session, or if the company does not release earnings within 60 calendar days of this market's creation, this market will resolve 50-50. If either of the relevant days is shortened (for example, due to a market holiday), the official closing price published by the NYSE for that shortened session will still be used for resolution. If either of the relevant days has no official closing price (for example, due to a trading halt into the market close, system issue, delisting, or other disruption), the market will use the last valid on-exchange trade price of the regular session as the effective closing price. The resolution source for this market is the NYSE Historic Prices page (nyse.com), specifically the Close values for FDX.