Shares of FedEx Corporation (FDX) soared in pre-market trading following the announcement of better-than-expected earnings for its third quarter and the authorization of a new $5 billion share repurchase program.
FedEx reported quarterly earnings of $3.86 per share, surpassing the analyst consensus estimate by 11.88% and marking a 13.2% increase from the same period last year. Despite missing the sales estimate of $22.04 billion, with sales coming in at $21.7 billion, FedEx shares surged 12.4% to $297.72 in pre-market trading.
Other stocks making moves in pre-market trading included:
Gainers
- Murano Global Investments PLC (MRNO) – rose 266.4% to $35.43
- Nova LifeStyle, Inc. (NVFY) – rose 62.5% to $2.99
- BIOLASE, Inc. (BIOL) – rose 32.8% to $0.1990
- Griid Infrastructure Inc. (GRDI) – climbed 30.9% to $1.44
- Visionary Holdings Inc. (GV) – gained 16.1% to $0.1950
- SU Group Holdings Limited (SUGP) – gained 13.1% to $3.29
- HeartBeam, Inc. (BEAT) – rose 10.8% to $2.56
- Ocugen, Inc. (OCGN) – gained 9% to $1.46
- Worthington Steel, Inc. (WS) – gained 3.9% to $33.15
Losers
- Abits Group Inc. (ABTS) – dipped 17.6% to $0.6398
- Lululemon Athletica Inc. (LULU) – declined 12.8% to $417.25
- Selina Hospitality PLC (SLNA) – fell 11.5% to $0.2478
- Pyxis Oncology, Inc. (PYXS) – declined 11.3% to $4.40
- Ispire Technology Inc. (ISPR) – fell 11.3% to $7.20
- Asset Entities Inc. (ASST) – fell 10.9% to $0.5750
- MMTec, Inc. (MTC) – tumbled 10.7% to $2.05
- JOANN Inc. (JOAN) – fell 9.1% to $0.14
- Next.e.GO N.V. (EGOX) – fell 8.4% to $0.0461
- NIKE, Inc. (NKE) – tumbled 6.3% to $94.49
