Let’s check out the companies that are becoming a hot topic for after-hours trading. FedEx – Shares rose 8% after the shipping giant reported better-than-expected earnings. FedEx reported fiscal second-quarter adjusted earnings of $4.05 per share, beating the $3.90 per share expected by analysts surveyed by LSEG. However, revenue was lower than expected. The company also announced plans to spin off its cargo business. Nike – The retailer’s stock soared about 6% after its second-quarter results beat Wall Street expectations. Nike earned 78 cents per share on revenue of $12.35 billion. Analysts had expected earnings of 63 cents a share and revenue of $12.13 billion, according to LSEG. Mission Produce – Shares rose 9% after the company’s fourth-quarter results beat analysts’ expectations. Mission Produce posted adjusted earnings of 28 cents per share on revenue of $354.4 million. This is an improvement from the adjusted earnings of 11 cents per share the company reported in the same period last year. Revenue also increased by 37% compared to the same period last year. US Steel – Shares fell more than 4% after the steelmaker issued a weak outlook for the fourth quarter. U.S. Steel expects a loss of 25 cents to 29 cents per share for the period, while analysts were expecting a profit of 22 cents per share, according to FactSet.
