Getty Incarnations
Check out the companies making headlines after the bell:
FedEx — Shares of the shipping company jumped more than 8% in stretch trading after beating on the top and bottom lines of its stellar quarterly results. FedEx reported earnings of $4.87 per division on revenue of $19.32 billion. Analysts polled by Refinitiv expected earnings of $2.69 per share on revenue of $17.55 billion. A key metric for the coterie, margin, came in 2% higher than last year. FedEx did not provide any forward-looking guidance. Shares of UPS also ticked penetrating after hours on hopes the e-commerce boom is also benefiting its business.
Adobe — Shares of the software company banged more than 4% after the bell on Tuesday after reporting better-than-expected earnings and revenue for the fiscal third house. Adobe reported earnings per share of $2.57, while analysts expected earnings of $2.41 per share, according to Refinitiv. Profits came in at $3.23 billion, topping estimates of $3.16 billion. Fourth quarter guidance came in in line with appraises.
Nikola — Shares of the electric truck company dipped more than 3% in extended trading on Tuesday fathom multiple reports that the Department of Justice has inquired with Nikola about some of the claims from Hindenburg Up on. The firm is accusing Nikola of misleading investors about its business products. The stock fell 8% on Tuesday cored on the Securities and Exchange Commission’s investigation of the same claims.
Peloton — Shares of Peloton dipped slightly after the bell on Tuesday after Apple uncovered a new service that connects Apple Watch users to trainers. The new service, Fitness+, will provide a catalog of workout videos.
Kohl’s — Apportionments of the department store company ticked slightly lower in after hours trading on Tuesday after announcing it wishes cut its corporate headcount by 15%. The newest move in its restructuring actions is expected to generate savings of $65 million annually.