Stocks making the biggest moves after hours: FedEx, Tencent Music and more

div > div.group > p:first-child"> Shares of FedEx fell more than 5 percent in extended trading Tuesday following the release of the logistic company's disappointing third-quarter earnings and weak full year outlook. FedEx posted earnings per share of $3.03 on revenue of $17.01 billion. Wall Street estimated earnings per share of $3.11 on revenue of $17.67 billion, according to Refinitiv.

FedEx also slashed its full-year guidance for the second quarter in a row citing slowing global trade. For 2019, FedEx sees earnings per share between $15.10 and $15.90, compared to the estimated $15.97.Tencent Music shares fell more than 7 percent after hours Tuesday despite reporting strong fourth-quarter earnings. The Chinese music streaming company reported RMB 5.40 billion in revenue, topping Refintiv estimates of RMB 5.29 billion. Earnings per share were RMB 0.

Shares of Smartsheet surged more than 9 percent after the bell Tuesday based on strong fourth-quarter earnings. The software company posted revenue of $52.2 million, compared to the $49.8 million forecast by analysts. Smartsheet reported a loss of 7 cents. Analysts' were expecting a loss of 14 cents.

Steelcase shares rose more than 7 percent percent in extended trading Tuesday after reporting better-than-expected fourth-quarter earnings. The furniture company reported earnings per share of 29 cents on revenue of $912 million. Analysts expected earnings of 26 cents on revenue of $871 million.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk vs. SEC; Brexit chaos; FedEx earningsToday’s top business headlines with ChristineRomans: - S&P 500 climbs to five-month high - CNN poll: 7 in 10 say economy in good shape - Lyft plans to raise more than $2B in its IPO - DraftKings looks to cash in on March Madness ChristineRomans Basically Trump is killing it ChristineRomans Trumps America ChristineRomans Hate him all you want stats say Trumps doing a good job
Source: CNN - 🏆 4. / 95 Read more »

FedEx earnings could save this lagging sectorFedEx is set to report earnings after the bell, and it could be a lifeline to this lagging sector. Nope. Awful earnings.
Source: CNBC - 🏆 12. / 72 Read more »

FedEx falls after missing on earnings and revenueFedEx is set to report earnings after the bell How did they send in their earnings? Hope they 'deliver' a good 'package'!! Great puns there. (With help from my Singaporean Executive Assistant, Jon. We both guffawed at that.) Best, Michael
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Switch, Clearwater Paper and moreSee which stocks are posting big moves after the bell on March 12. Ordinary working class workers should not get into the stock market. Nor should their retirement funds.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: MongoDB, Tailored Brands and moreSee which stocks are posting big moves after the bell on March 13. MONGO ONLY PAWN IN GAME OF LIFE Mongo. Candygram for Mongo. Mongo goes to M*A*S*H.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Ulta Beauty, Broadcom, Facebook and moreSee which stocks are posting big moves after the bell on March 14. Facebook biggest move is going to be to crash. Good luck tech stocks. Zero confidence. Wow most made ER good. Will see tomorrow
Source: CNBC - 🏆 12. / 72 Read more »