Stocks making the biggest moves after hours: FedEx, Cintas, Steelcase and more

Business

A FedEx plane is parked at Ontario International Airport on February 4, 2019.

Check out the companies making headlines after hours on Tuesday:

FedEx — Shares of the shipping giant fell nearly 7% in extended trading on Tuesday after the company posted weaker-than-expected earnings. In the company’s second quarter, FedEx reported adjusted earnings per share of $2.51, which is less than the $2.76 EPS analysts expected. Revenue came in at $17.32 billion compared to the $17.58 billion expected.

Steelcase – The office furniture company’s shares were up over 5% in extended trading after the company beat earnings and revenue expectations. The company reported earnings per share of 46 cents on revenue of $955 million. Analysts expected earnings per share of 35 cents and revenue of $935 million.

Cintas — Stock of the uniform provider was up nearly 3% in extended trading after the company reported better-than-expected earnings and revenue. The company reported earnings per share of $2.27 compared to the $2.03 EPS that analysts expected and revenue of $1.84 billion versus the $1.821 billion analysts expected.

Palo Alto Networks — The network security company’s stock fell nearly 1% in extended trading after the Securities and Exchange Commission announced insider trading charges against a former IT administrator for the company and four of his friends.

Products You May Like

Articles You May Like

What investors should know about the UAW’s organizing drive of VW
Sing, I
Tracker Season 1 Episode 9 Review: Aurora
Why London remains one of Europe’s best city breaks – and how plan the perfect weekend
Iran vs Israel: Will the Nuclear Shoe Drop? By Howard Bloom

Leave a Reply

Your email address will not be published. Required fields are marked *