Shares of FedEx Corporation (NYSE: FDX) rose sharply in today’s pre-market trading after the company reported better-than-expected earnings for its third quarter and authorized a new $5 billion share repurchase program.
FedEx reported quarterly earnings of $3.86 per share which beat the analyst consensus estimate of $3.45 by 11.88% and represents a 13.2% increase over earnings of $3.41 per share from the same period last year. Quarterly sales came in at $21.7 billion, missing the analyst consensus estimate of $22.04 billion, according to data from Benzinga Pro.
FedEx shares surged 12.4% to $297.72 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
Murano Global Investments PLC (NASDAQ: MRNO) shares rose 266.4% to $35.43 in pre-market trading after falling 46% on Thursday.
Nova LifeStyle, Inc. (NASDAQ: NVFY) rose 62.5% to $2.99 in pre-market trading after gaining around 22% on Thursday.
BIOLASE, Inc. (NASDAQ: BIOL) shares rose 32.8% to $0.1990 in pre-market trading after the company ...
Related tickers: SLNA, ISPR, GV, EGOX, BEAT, ABTS, LULU, SUGP, FDX, GRDI, NKE, BIOL, NVFY, WS, ASST, MTC, OCGN, JOAN, PYXS, MRNO.
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