share_log

FedEx Reports Downbeat Results, Joins MillerKnoll And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Benzinga ·  Sep 20 20:30

U.S. stock futures were lower this morning, with the Nasdaq futures falling over 80 points on Friday.

Shares of FedEx Corporation (NYSE:FDX) fell sharply in today's pre-market trading after the company reported weaker-than-expected results for the first quarter of fiscal 2025 and lowered its full-year guidance.

FedEx reported first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $3.60 per share, missing analyst estimates of $4.80 per share.

FedEx shares dipped 13.1% to $260.92 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

  • Rezolve AI Limited (NASDAQ:RZLV) shares dipped 11.3% to $6.21 in pre-market trading after jumping around 47% on Thursday.
  • Veea Inc. (NASDAQ:VEEA) shares fell 7.6% to $10.22 in pre-market trading after declining around 10% on Thursday. Veea recently announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.
  • MillerKnoll, Inc. (NASDAQ:MLKN) shares declined 5.4% to $25.99 in the pre-market trading session as the company reported downbeat first-quarter financial results on Thursday.
  • Adient plc (NYSE:ADNT) shares fell 5.1% to $21.43 in pre-market trading.
  • Frontline plc (NYSE:FRO) shares declined 5% to $22.75 in pre-market trading.
  • Evotec SE (NYSE:EVO) slipped 5% to $3.46 in pre-market trading.
  • Hafnia Limited (NYSE:HAFN) shares fell 4.9% to $7.34 in pre-market trading.
  • Lennar Corporation (NYSE:LEN) shares declined 3.1% to $186.45 in pre-market trading. Lennar reported better-than-expected financial results for the third quarter. The company said it sees fourth-quarter new orders in a range of 19,000 to 19,300 and deliveries between 22,500 and 23,000. The company expects the average sales price to be approximately $425,000.

Now Read This:

  • Nvidia, Tesla Rally As Dow, S&P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In 'Greed' Zone
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment