Adobe, FedEx, Nikola and more

Check out the companies making headlines after the bell:

FedEx — Shares of the shipping company jumped more than 8% in extended trading after beating on the top and bottom lines of its stellar quarterly results. FedEx reported earnings of $4.87 per share on revenue of $19.32 billion. Analysts polled by Refinitiv expected earnings of $2.69 per share on revenue of $17.55 billion. A key metric for the company, margin, came in 2% higher than last year. FedEx did not provide any forward-looking guidance. Shares of UPS also ticked higher after hours on hopes the e-commerce boom is also benefiting its business. 

Adobe — Shares of the software company popped more than 4% after the bell on Tuesday after reporting better-than-expected earnings and revenue for the fiscal third quarter. Adobe reported earnings per share of $2.57, while analysts expected earnings of $2.41 per share, according to Refinitiv. Revenue came in at $3.23 billion, topping estimates of $3.16 billion. Fourth quarter guidance came in in line with estimates. 

Nikola — Shares of the electric truck company dipped more than 3% in extended trading on Tuesday following multiple reports that the Department of Justice has inquired with Nikola about some of the claims from Hindenburg Research. The firm is accusing Nikola of misleading investors about its business products. The stock fell 8% on Tuesday based on the Securities and Exchange Commission’s investigation of the same claims. 

Peloton — Shares of Peloton dipped slightly after the bell on Tuesday after Apple unveiled a new service that connects Apple Watch users to trainers. The new service, Fitness+, will provide a catalog of workout videos. 

Kohl’s — Shares of the department store company ticked slightly lower in after hours trading on Tuesday after announcing it will cut its corporate headcount by 15%. The newest move in its restructuring actions is expected to generate savings of $65 million annually. 

Source link




Palantir discloses diluted share count, suggesting higher valuation

Palantir Technologies CEO Alex Karp arrives at the "Tech for Good" Summit in Paris, France May 15, 2019.Charles Platiau | ReutersIn its third...

2021 Mazda CX-30 Review | Price, specs, features and photos

The 2021 Mazda CX-30 is one of those cars that can be considered an alternative to a variety of segments. It provides a...

Russian internet trolls hired U.S. journalists to push news

Some of Russia's most infamous internet trolls have launched a news website that hired real-life journalism freelancers — including Americans — to contribute,...

Biden blasts Trump over Homeland Security report on Russians, health

Secretary of Homeland Security Chad Wolf speaks during a press conference on the actions taken by Customs and Border Protection and Homeland Security...

Autoblog has added photography and puzzles to our merch store

Autoblog may receive a share from purchases made via links on this page. Pricing and availability is subject to change. If haven't heard,...