FedEx, Lennar and 3 Stocks to Watch

Avi Kapoor | September 20, 2024

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With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:

  • FedEx Corp (NYSE:FDX) reported weaker-than-expected results for the first quarter of fiscal 2025 and lowered its full-year guidance. The company 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 tumbled 11% to $267.25 in the after-hours trading session.
  • Wall Street expects VinFast Auto Ltd. (NASDAQ:VFS) to report a quarterly loss at 21 cents per share on revenue of $460.09 million before the opening bell. VinFast Auto shares rose 0.2% to $3.9665 in after-hours trading.
  • Chewy Inc (NYSE:CHWY) announced a public offering by a selling stockholder and a concurrent share repurchase. Chewy shares fell 0.8% to $30.85 in the after-hours trading session.

Check out our premarket coverage here

  • MillerKnoll, Inc. (NASDAQ:MLKN) reported downbeat first-quarter financial results on Thursday. The company also said it sees second-quarter earnings of between 51 cents and 57 cents per share, versus the estimate of 61 cents, and second-quarter revenue in a range of $950 million to $990 million, versus the $948.12 million estimate. MillerKnoll shares declined 5.3% to $26.02 in the after-hours trading session.
  • Lennar Corporation (NYSE:LEN) 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. Lennar shares fell 2.4% to $187.75 in the after-hours trading session.

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