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After-hours movers: FedEx and Nike rise; Lululemon falls

Published 03/21/2024, 04:50 PM
Updated 03/21/2024, 04:51 PM
© Reuters.  After-hours movers: FedEx and Nike rise; Lululemon falls
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After-Hours Stock Movers:

FedEx (NYSE:FDX) climbed 12% after reporting earnings per share that beat estimates and approving a buyback program of $5 billion. Shares of rival UPS (UPS) also gained.

lululemon athletica (NASDAQ:LULU) declined 10% after the clothing company published full year revenue guidance that trailed estimates. Guidance for first quarter revenue also fell short of views.

Nike (NYSE:NKE) gained 1.5% after it reported earnings per share and revenue that beat estimates. Its business in China was a bright spot.

Dutch Bros Inc. (NYSE:BROS) declined 4% after it commenced an 8 million share offering of its Class A common stock by certain selling stockholders.

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