Stocks making the biggest moves after hours: Nike, FedEx, Lennar and more

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.

Philippines Philippines Latest News, Philippines Philippines Headlines

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

FedEx Earnings: Ultimately, FedEx is a Margin and Free-Cash-Flow StoryStocks Analysis by Brian Gilmartin covering: FedEx Corporation, Crude Oil WTI Futures. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Four bull stocks and two bear stocks according to Bank of America strategistsFour bull stocks and two bear stocks according to Bank of America strategists
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors. U.S. futures fell, while oil prices were higher. The S&P 500 fell 0.2% Wednesday, following a 2.1% drop a day earlier. The Nasdaq composite dropped 0.3%. The Dow managed a gain of 38 points, or 0.1%.
Source: AP - 🏆 728. / 51 Read more »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors.
Source: ksatnews - 🏆 442. / 53 Read more »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors.
Source: wjxt4 - 🏆 246. / 63 Read more »