Check out the companies making headlines in extended transactions: FedEx – Stock slipped over 4% after Co. reported a revenue error in the third quarter. FedEx posted an adjusted profit of $4.51 per share, while analysts voted by LSEG called for $4.54 per share. Meanwhile, quarterly revenue was $22.16 billion, slightly surpassing consensus forecasts at $218.9 billion. Micron Technology – Memory and Storage Solution Providers Jumped 4%. Micron offered a rosy outlook in the third quarter, sought an adjusted profit of $1.57 per share with revenue of $8.8 billion. This has surpassed Wall Street’s revenues of $800 billion, earnings of $1.47 per share. The top and bottom line results in the second quarter also beat expectations. Nike – The sports apparel giant rose 2%. In the third quarter, Nike reported earnings of 54 cents per share and revenue of $11.27 billion. However, sales fell 9% from the same period last year. Planet Labs – Satellite imaging company fell 9%. In the fourth quarter, Planet Labs reported revenue of $62 million. US Steel – Shares fell approximately 2% after steel makers issued weak first quarter guidance. According to Factset, US Steel expects an adjusted loss of 53 cents per share, between 49 cents and 53 cents per share. LENNAR – Home builders slid 3% in an extension transaction. Guidance for new orders for the second quarter ranged from 22,500 to 23,500, missing 23,802 analysts voted by StreetAccount. However, first-quarter earnings of $1.96 per share of revenues exceeded street expectations with revenue of $7.63 billion. – CNBC’s Darla Mercado contributed the report.
NKE, FDX, MU, etc.
