Here are the companies making headlines after the bell:
1. Nike – Shares surged 3% after the athletic footwear retailer exceeded Wall Street’s expectations for earnings and revenue in its most recent quarter. Nike reported earnings of 77 cents per share on $12.43 billion of revenue, outperforming analysts’ consensus of 74 cents per share on revenue of $12.28 billion.
2. FedEx and United Parcel Services (UPS) – Shares of both shipping companies saw significant gains, with FedEx soaring nearly 13% after beating quarterly earnings expectations. FedEx reported adjusted earnings of $3.86 per share, surpassing analysts’ estimates of $3.45 per share, although its revenue fell short. FedEx also announced a $5 billion share buyback. UPS shares climbed 4%.
3. Lululemon Athletica – The athleisure company’s shares tumbled 10% as it issued weak guidance and noted a slowdown in North American growth. However, Lululemon posted a fiscal fourth-quarter earnings and revenue beat.
Source (CNBC)
