Nike Inc (NYSE:NKE) stock fell nearly 11% in extended trading Thursday after the footwear retailer said it expects weak second-half revenue following its fiscal second-quarter results.
The company expects full-year revenue to improve about 1% year-over-year, compared to a previous estimate of mid-single-digit growth. For the third quarter, revenue is expected to fall from the prior-year quarter.
CarMax, Inc (NYSE:KMX) stock railled 4% Thursday afternoon on fiscal third-quarter earnings that beat expectations.
The largest US used car dealer posted earnings of $0.52 per share, topping expectations of $0.43 per share. Revenue was $6.15 billion, down 5.5% year-over-year and below expectations of $6.29 billion.
Blackberry (TSX:BB) shares moved lower before Thursday’s opening bell after the cybersecurity and Internet of Things (IoT) company’s sales outlook disappointed investors.
For 4Q, Blackberry (TSX:BB) projected revenue in the range of $150 million to $159 million, below analyst estimates of about $210 million.
Micron Technology, Inc. (NASDAQ:MU) shares jumped nearly 5% in after-hours trading following its first-quarter results, which surpassed analysts' expectations.
The chipmaker reported a 16% year-over-year sales increase to $4.73 billion, beating the consensus of $4.55 billion.
Worthington Industries (NYSE:WOR) reported a year-over-year drop in sales but improved profits for the fiscal second quarter as the Columbus, Ohio-based industrial manufacturing company completed the separation of its steel segment.
For 2Q, sales of $1.1 billion were down from $1.2 billion in the year-ago quarter which was attributed to lower selling prices partially offset by higher volumes.
Winnebago Industries (NYSE:WGO) shares went into reverse on Wednesday after the recreational vehicle (RV)-maker reported a sharper-than-expected drop in profits for the fiscal first quarter which ended on November 25, 2023,
Its adjusted earnings per share decreased by 48.8% from the year-ago quarter to $1.06, missing estimates of $1.20.
General Mills (NYSE:GIS) shares fell after the packaged foods maker slashed its full-year sales outlook and reported weaker-than-expected revenue for the fiscal second quarter on slower volume recovery.
The company – whose brands include Annie’s, Betty Crocker, Cheerios, Cinnamon Toast Crunch, Dunkaroos, Häagen-Dazs, Lucky Charms, and Pillsbury – now expects its full-year net sales to be flat to 1% higher year-over-year, compared to its earlier forecast of 3% to 4% growth.
FedEx (NYSE:FDX) Corp shares skidded more than 7% in Tuesday’s after-hours session after the company’s second quarter 2024 financial results failed to deliver on Wall Street’s expectations.
FedEx (NYSE:FDX) recorded adjusted earnings per share (EPS) for the period of $3.99, falling short of the analyst consensus forecast of $4.19.
Accenture PLC (NYSE:ACN) reported higher-than-forecast profits for the fiscal first quarter of 2024 but disappointed investors with its weak sales forecast for the current quarter.
The professional services company reported revenue for 1Q, which ended on November 30, 2023, in line with expectations at $16.2 billion, a 3% year-over-year increase.
FuelCell Energy (NASDAQ:FCEL) shares traded lower after the fuel cell technology company reported mixed results for the fourth quarter.
It reported a 43% drop in revenue from $39.2 million in the year-ago quarter to $22.5 million, while it narrowed its gross loss from $15.2 million or $0.11 per share to a loss of $1.46 million or $0.07 per share.
Looking Glass Labs reported a year-over-year jump in fiscal first quarter revenue driven by non-fungible token (NFT) sales.
The Web3 platform specializing in NFT architecture, immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams posted revenue of $651,586, up from $137,066 in the year-ago quarter.