Check out the companies that make headlines in their expansion trading. The shares slipped over 4% after FedEx – Inc. reported a revenue error in the third quarter. FedEx posted an adjusted profit of $4.51 per share, while analysts voted by LSEG called for $4.54 per share. Meanwhile, quarterly revenue was $22.16 billion, slightly surpassing consensus forecasts at $218.9 billion. Micron Technology – Memory and Storage Solution Providers Jumped 4%. Micron offered a rosy outlook in the third quarter, sought an adjusted profit of $1.57 per share with revenue of $8.8 billion. This has surpassed Wall Street’s revenues of $800 billion, earnings of $1.47 per share. The top and bottom line results in the second quarter also beat expectations. Nike – The sports apparel giant rose 2%. In the third quarter, Nike reported earnings of 54 cents per share and revenue of $11.27 billion. However, sales fell 9% from the same period last year. Planet Labs – Satellite imaging company fell 9%. In the fourth quarter, Planet Labs reported revenue of $62 million. US Steel – Shares fell approximately 2% after steel makers issued weak first quarter guidance. According to Factset, US Steel expects adjusted losses to occur between 49 cents and 53 cents per share. LENNAR – Home builders slipped 3% in expansion deals. Guidance for new orders for the second quarter ranged from 22,500 to 23,500, missing 23,802 analysts voted by StreetAccount. However, first-quarter earnings of $1.96 per share of revenues exceeded street expectations with revenue of $7.63 billion. – CNBC’s Darla Mercado contributed report
