Nike, Hims & Hers Health, FedEx & more
A pedestrian walks past the American multinational sportswear brand, the Nike store and its logo shown in Hong Kong.
Budrul Chukrut | SOPA pictures | LightRocket | Getty Images
Check out the companies that hit the headlines on Thursday after the bell:
FedEx – Delivery service stocks rose 3.6% after the company announced third quarter results that exceeded analysts’ expectations. FedEx had earnings per share of $ 3.47 on revenue of $ 21.51 billion. Analysts surveyed by Refinitiv expected earnings per share of $ 3.23 on sales of $ 19.97 billion. The company said its strong results were partly due to an “unprecedented” Christmas shipping season.
Hims & Hers Health – The telemedicine company’s stock fell 2.6% after Hims & Hers released fourth quarter results. Hims reported a loss of 7 cents per share on sales of $ 41.5 million. There were too few estimates to compare with analysts’ predictions.
Nike – Nike stock fell 2.4% after the company posted mixed results in the third quarter as inventory delays and store closures impacted sales. Nike achieved earnings per share of 90 cents on sales of $ 10.36 billion. Analysts polled by Refinitiv expect earnings per share of 76 cents on sales of 11.02 billion US dollars.
Sarepta Therapeutics – Sarepta stock rose 8.4% after the biopharmaceutical company released new trial results for its limb belt treatment for muscular dystrophy. Sarepta said: “The participants showed continuous improvements over the baseline across all functional measures.”