SCS - FedEx Posts Downbeat Earnings Joins Steelcase argenx And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session | Benzinga
U.S. stock futures were lower this morning, with the Dow Jones futures falling around 30 points on Wednesday.
Shares of FedEx Corporation (NYSE: FDX) fell sharply in pre-market trading after the company posted weaker-than-expected earnings for its second quarter and lowered its full-year revenue outlook.
FedEx reported quarterly earnings of $3.99 per share, falling short of the Street's estimate of $4.19. The company reported quarterly sales of $22.20 billion which missed analyst expectations of $22.39 billion, according to Benzinga Pro.
FedEx shares dipped 9.6% to $253.10 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
- argenx SE (NASDAQ: ARGX) shares tumbled ...