Stocks making the biggest moves after hours: FedEx, United States Steel, Scholastic & more

Stocks making the biggest moves after hours: FedEx, United States Steel, Scholastic & more

Check out the companies making headlines in after hours trading.FedEx — Shares of the shipper slid more than 3% in after hours trading despite FedEx beating top and bottom line estimates during the second quarter. For the period the company earned $4.83 excluding items, on $20.56 billion in revenue. Analysts surveyed by Refinitiv expected $4.01 per share in earnings and $19.46 billion in revenue. The company did not provide an earnings forecast for fiscal 2021. FedEx did, however, say that it expects “earnings growth in the second half of fiscal 2021.”Steelcase — Shares of the furniture maker slid more than 5% after the company said orders declined 39% year over year during the third quarter. Steelcase said it earned 8 cents per share during the period on an adjusted basis, which was ahead of estimates for 3 cents, according to FactSet. Revenue came in at $617.5 million, missing expectations of $628.8 million.United States Steel — Shares of the steel producer slid more than 3% after the company gave updated fourth quarter guidance. U.S. steel said it expects to lose 85 cents per share. Analysts polled by FactSet were forecasting a 60 cent per share loss. The company is expected to report fourth quarter results on Feb. 21 after the market closes.Scholastic Corporation — Shares of the publisher declined more than 9% after the company said that adjusted earnings per share fell 44% year over year. “Although the Company remains optimistic about the prospects of returning children to classrooms and the passage of a COVID stimulus package for schools, given the on-going variability in school instruction patterns and schedules and the possibility of new COVID outbreaks and their potential impact on schools, Scholastic is not providing a financial outlook for fiscal year 2021,” the company said in a statement.Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.


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