HomeMarket NewsSmall CapsThe UPS and Downs of Market Performers: FedEx, Nike, and Others

The UPS and Downs of Market Performers: FedEx, Nike, and Others

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As the sun rises on the market this Friday, leading U.S. stock futures are pointing north. The stocks under the spotlight today present a mixed bag of fortunes:

FedEx Corporation FDX surprised investors with a stellar performance in its third quarter, coupled with the announcement of a sizeable $5 billion share buyback initiative. This news catapulted FedEx shares up by a remarkable 12.9%, settling at $299.07 in after-hours trading.

Worthington Steel, Inc. WS also delivered better-than-expected results in its recent quarterly report, sending its shares up by 3.9% to $33.15 in after-hours trading.

Anticipation surrounds Hyzon Motors Inc. HYZN as analysts project a quarterly loss of 20 cents per share on $100,000 in revenue before the opening bell. Hyzon Motors saw a 5.1% uptick in after-hours trading, reaching $0.6830 per share.

For more insights, don’t miss our premarket coverage here.

Nike Inc NKE reported positive earnings and sales figures for the third quarter. Nevertheless, the good news did not prevent a 5.7% dip in Nike’s after-hours stock value, closing at $95.11.

Lululemon Athletica Inc. LULU managed to outperform expectations in its fourth-quarter report. However, a subdued outlook for the upcoming quarter caused Lululemon shares to slide by 11.1%, ending at $425.77 in after-hours trading.

Discover More: Why Jim Cramer Prefers Amazon Over Other E-Commerce Giants and Believes Chipotle Reigns Supreme.

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