{
  "report_rows": [
    {
      "kpi": "Diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.73 vs. cons $1.68",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Revenue",
      "prediction": "MISS",
      "answer": "pred ~$2.86B vs. cons $2.91B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Operating income",
      "prediction": "BEAT",
      "answer": "pred ~$291M vs. cons $285M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Implied full-year EPS outlook",
      "prediction": "BETTER",
      "answer": "guide ~$6.82 vs. cons $6.74 (FY2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Airfreight tonnage growth commentary",
      "prediction": "LOWER",
      "answer": "guide ~4% vs. cons 5% (Q3 2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "Operating efficiency commentary",
      "prediction": "LOWER",
      "answer": "guide ~29.5% vs. cons 30.0% (Q3 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 2.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.0,
  "day5_path": "FADE",
  "day5_rationale": "A margin-led EPS beat should initially outweigh the revenue miss, but softer Q3 airfreight growth and efficiency imply that only about $0.08 of the roughly $0.11 Q2 EPS upside flows into FY2026 estimates, limiting revisions and causing part of the day-1 gain to fade.",
  "day5_confidence": "MEDIUM"
}