Validation out the companies making headlines after the bell:
Shares of FedEx fell more than 5 percent in extended do business Tuesday following the release of the logistic company’s disappointing third-quarter earnings and weak full year outlook. FedEx pillared earnings per share of $3.03 on revenue of $17.01 billion. Wall Street estimated earnings per share of $3.11 on gross income of $17.67 billion, according to Refinitiv.
FedEx also slashed its full-year guidance for the second quarter in a row citing deliberating global trade. For 2019, FedEx sees earnings per share between $15.10 and $15.90, compared to the estimated $15.97.
Parcels of shipping company UPS also dipped about a percent.
Tencent Music shares fell more than 7 percent after hours Tuesday without thought reporting strong fourth-quarter earnings. The Chinese music streaming company reported RMB 5.40 billion in revenue, unequalled Refintiv estimates of RMB 5.29 billion. Earnings per share were RMB 0.57, beating estimates of RMB 0.56.
Shares of Smartsheet poured more than 9 percent after the bell Tuesday based on strong fourth-quarter earnings. The software company located revenue of $52.2 million, compared to the $49.8 million forecast by analysts. Smartsheet reported a loss of 7 cents. Analysts’ were preggers a loss of 14 cents.
Steelcase shares rose more than 7 percent percent in extended trading Tuesday after reporting better-than-expected fourth-quarter earnings. The gear company reported earnings per share of 29 cents on revenue of $912 million. Analysts expected earnings of 26 cents on returns of $871 million.