See the companies that made headlines in extended trading: Nike — Shares rose 10%. The athletic shoe company announced that CEO John Donahoe will step down on Oct. 13. Nike veteran Elliot Hill, who worked at the company for 32 years before retiring in 2020, will take the helm. FedEx — Shares of the shipping company fell 10%. FedEx trimmed the top end of its full-year earnings forecast and lowered revenue guidance. Its fiscal first-quarter results also missed target. FedEx reported adjusted earnings per share of $3.60 on revenue of $21.58 billion, compared with analysts polled by LSEG expecting $4.76 per share in earnings and $21.93 billion in revenue. Miller Knoll — The office furniture company fell more than 2% after missing analysts’ top- and bottom-line estimates in its fiscal first quarter. MillerKnoll reported adjusted earnings of 36 cents per share on revenue of $861.5 million. Analysts polled by FactSet expected 40 cents per share on revenue of $889.4 million. The company also issued weak guidance for the current quarter. Lennar — The homebuilder fell 3% despite beating Wall Street estimates in its fiscal third quarter. Lennar reported earnings of $4.26 per share on revenue of $9.42 billion. Analysts polled by LSEG expected earnings of $3.63 per share on revenue of $9.17 billion. Chewy — Shares of the pet products seller fell about 1%. Chewy announced a public offering of $500 million of its Class A common stock by Buddy Chester Sub LLC, an entity affiliated with funds advised by BC Partners Advisors — Chewy’s largest shareholder. The retailer also agreed to buy $300 million worth of shares from Buddy Chester; Chewy said it will cancel and retire those repurchased shares when the deal closes.
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Stocks that made the biggest moves after hours: NKE, LEN, FDX
