Stocks making the biggest moves midday: FedEx, Roku, Chewy & more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Check out the companies making headlines in midday trading.

. FedEx reported earnings per share of $3.05. Analysts polled by Refinitiv expected a profit of $3.15 per share. The company also slashed its fiscal-year earnings outlook.

"Our performance continues to be negatively impacted by a weakening global macro environment driven by increasing trade tensions and policy uncertainty," CEO Fred Smith said in a statement.— Shares of Roku cratered more than 12% after Comcast announced that its streaming service Xfinity Flex is now included with an internet-only subscription for free. The platform lets customers stream Netflix, Amazon Prime Video, HBO, Showtime and YouTube, making it a direct competitor to Roku.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks making the biggest moves premarket: General Mills, FedEx, Adobe, Chewy, Amazon & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: FedEx, Anheuser-Busch, Home Depot, Shopify & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Here's what to expect from FedEx earningsFedEx is gearing up to report earnings after the bell Tuesday. Here's what to expect.
Source: CNBC - 🏆 12. / 72 Read more »