Stocks trending after hours: Costco, FedEx, DocuSign and more

1 week ago

FedEx (FDX): The aircraft aggregation alien cost-cutting measures and amount hikes afterwards warning in basic budgetary first-quarter outcome of abrasion demand. FedEx appear its budgetary first-quarter outcome in an 8-K afore the abutting of trading Thursday, sending shares up 0.8%.

The aggregation categorical affairs to save up to $2.7 billion in budgetary 2023 and up to $4 billion by budgetary 2025. “We’re affective with acceleration and activity to cross a difficult operating environment, affairs cost, commercial, and accommodation levers to adjust to the impacts of bargain demand,” FedEx CEO Raj Subramaniam wrote in the release, including “as our aggregation continues to banal aggressively to abode near-term headwinds, we’re advisedly deepening our business and chump experience, including carrying an outstanding peak.”

FedEx alien its Express, Ground and Home Delivery ante will enhance by an boilerplate of 6.9% able January 2, 2023.

Costco (COST): The retail behemothic appear budgetary fourth-quarter balance and income which beat Wall Street’s estimates as anniversary sales topped $200 billion for the first time. Costco appear fourth-quarter balance of $4.20 per allotment on income of $72.09 billion. Annual sales totaled $222.73 billion, a 16% enhance from a year ago.

Cano Holdings (CANO), Humana (HUM): Humana is comprehension a accord to buy Cano Health, in accordance to the Wall Street Journal. Shares of Cano Health surged on the news, closing up 32%. The acceding could reportedly be accomplished in the abutting many weeks.

Freshpet (FRPT): Activist broker Jana Partners has taken a 10% pale in the pet aliment aggregation with affairs to advance for changes including a accessible sale, in accordance to the Wall Street Journal. Freshpet shares have bashed amidst broader bazaar animation with the banal bottomward 70% in the accomplished year.

DocuSign (DOCU): The aggregation alien above Google controlling Allan Thygesen as its new CEO able October 10. DocuSign Board Chair Maggie Wilderotter wrote in a statement, “The Board believes which Allan is the correct baton to assist DocuSign abide to abduction the large bazaar befalling which lies ahead.” Allan Thygesen replaces Dan Springer, who stepped bottomward from the role in June.

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