After-Hours Movers: FedEx, Nike, Chewy, and More

After-Hours Movers: FedEx, Nike, Chewy, and More

Several companies made headlines after the bell on Thursday, August 4, 2023. Here's a quick roundup of the biggest movers:

FedEx (NYSE:FDX)

Shares of FedEx surged in after-hours trading on Thursday, rising 3.6% to $242.23. The move came after the company reported better-than-expected earnings results for its fiscal fourth quarter.

FedEx said it earned $6.86 per share on revenue of $26.3 billion. Analysts had estimated the company would earn $6.72 per share on revenue of $26.1 billion.

Nike (NYSE:NKE)

Nike shares also rose in after-hours trading on Thursday, climbing 2.5% to $132.70. The move came after the company reported strong earnings results for its fiscal fourth quarter.

Nike said it earned $1.16 per share on revenue of $13.3 billion. Analysts had estimated the company would earn $1.12 per share on revenue of $13.1 billion.

Chewy (NYSE:CHWY)

On the other hand, Chewy shares tumbled in after-hours trading on Thursday, falling 6.2% to $48.91. The move came after the company reported a wider-than-expected loss for its second quarter.

Chewy said it lost $0.19 per share on revenue of $2.4 billion. Analysts had estimated the company would lose $0.09 per share on revenue of $2.43 billion.