Check out which companies are making headlines in after-hours trading. FedEx – Shares rose 8% after the delivery giant's earnings beat expectations. For its fiscal second quarter, FedEx reported adjusted earnings of $4.05 per share, above the $3.90 per share expected by analysts surveyed by LSEG. But revenues were weaker than expected. The company also announced that it plans to spin off its shipping business. Nike – The retailer's stock rose about 6% after its fiscal second-quarter results beat Wall Street estimates. Nike earned 78 cents per share on revenue of $12.35 billion. Analysts had expected 63 cents per share on revenue of $12.13 billion, according to LSEG. Mission Production – Shares rose 9% on the heels of the company's fiscal fourth-quarter results that beat analysts' expectations. Mission Produce reported adjusted earnings of 28 cents per share on revenue of $354.4 million. This is an improvement from the 11 cents per share in adjusted earnings the company reported in the same period last year. Revenues also increased by 37% from the previous year. US Steel – Shares fell more than 4% after the steel producer issued weak guidance for the fourth quarter. US Steel expects a loss of between 25 cents and 29 cents per share during the period, while analysts were looking for an expected profit of 22 cents per share, according to FactSet.
Trending
- The Senate is on track to pass a temporary funding bill in the House
- Why did mortgage rates jump despite the Fed rate cut?
- The U.S. Food and Drug Administration has approved Eli Lilly's weight-loss drug Zepbound to treat sleep apnea
- Elon Musk supports the far-right Alternative for Germany party in the elections
- Stocks making the biggest moves at midday: NVO, AVO, OXY
- Stock Market Today: Live Updates
- CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over ZIL fraud
- PCE inflation in November 2024:
FDX, NKE, X and more
