The Nike logo can be seen in the Nike store in New York City on February 22, 2021.
John Smith | Corbis News | Getty Images
Check out the companies that are making headlines after the bell:
Nike – The shoe giant’s shares rose about 5% in expanded trading on Thursday after quarterly results turned out better than expected. Nike reported earnings of 93 cents per share, beating Refinitiv’s estimates by 42 cents. Revenue was $ 12.34 billion, beating estimates of $ 11.01 billion. Digital sales have increased 41% since last year and 147% over two years ago.
FedEx – The shipping company’s shares fell 4% after hours despite beating the top and bottom lines of its quarterly results. FedEx reported earnings of $ 5.01 per share on revenue of $ 22.57 billion. According to Refinitiv, analysts expected earnings per share of $ 4.99 on sales of $ 21.51 billion.
Bank of America, Goldman Sachs, Wells Fargo, JPMorgan – stocks in the major US banks rose in after-hours trading after the Federal Reserve announced that banks could easily weather a severe recession. When the Fed released the results of its annual stress test, it announced that all 23 institutions in the 2021 test remained “well above” the minimum capital requirement during a hypothetical economic downturn. Bank of America and Wells Fargo each gained about 1%.