Check out the companies making headlines in extended trading: Nike — Shares soared 10%. The sneaker company announced that CEO John Donahoe would step down from the role on Oct. 13. Nike veteran Elliott Hill, who had been at the company for 32 years before retiring in 2020, will take the helm. FedEx — Shares of the shipping company pulled back 10%. FedEx trimmed the higher end of its full-year earnings outlook and cut its revenue guidance. Fiscal first-quarter results missed the mark as well.
MillerKnoll reported adjusted earnings per share of 36 cents on revenue of $861.5 million. Analysts polled by FactSet forecast 40 cents per share on revenue of $889.4 million. The company also issued weak guidance for the current quarter. Lennar — The home construction company fell 3% despite surpassing Wall Street estimates in the fiscal third quarter. Lennar reported earnings of $4.26 per share on revenue of $9.42 billion. Analysts surveyed by LSEG expected earnings of $3.63 per share on $9.
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