Shares that make the most important strikes after hours: Adobe, FedEx, Nikola, and extra
Check out the companies that are making headlines after the bell:
FedEx – The shipping company's shares rose more than 8% in expanded trading after hitting the income statement on their excellent 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 sales of $ 17.55 billion. An important key figure for the company, the margin, was 2% up on the previous year. FedEx made no forward-looking advice. UPS stocks also rose after hours, hoping the e-commerce boom will benefit its business as well.
Adobe – The software company's shares fell more than 4% Tuesday after the bell after reporting better-than-expected earnings and sales for the third fiscal quarter. Adobe reported earnings per share of $ 2.57, while analysts expected earnings of $ 2.41 per share, according to Refinitiv. Revenue was $ 3.23 billion, beating estimates of $ 3.16 billion. The forecasts for the fourth quarter were in line with the estimates.
Nikola – The electric truck company's shares fell more than 3% in extended trading on Tuesday after the Justice Department reported on multiple occasions that the Justice Department asked Nikola about some demands from Hindenburg Research. The company accuses Nikola of misleading investors about its business products. The stock fell 8% on Tuesday based on the Securities and Exchange Commission's investigation into the same claims.
Peloton – Peloton's shares fell slightly on Tuesday after the bell after Apple unveiled a new service that connects Apple Watch users with coaches. The new Fitness + service offers a catalog of training videos.
Kohl & # 39; s – The department store company's shares fell slightly after close of trading Tuesday after it was announced that it would cut its headcount by 15%. The latest move in restructuring is expected to result in annual savings of $ 65 million.