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Tuesday, September 21, 2021

Notes From All Over -- Part 3 -- September 21, 2021

FedEx:

  • expectations weren't great; even so:
    • barely beats on the top line;
    • misses on the bottom line, $4.37 vs 4.91
  • shares
    • during trading hours before earnings were out, FDX was up 0.5%; $1.26 / share;
    • after earnings released, FDX down about 2% after hours; down $5.32 / share
  • during the day, CNBC talking heads were looking for a beat
  • stock is down 20% from just two months ago;
  • company says labor costs

Stitch Fix:

  • up 14% after hours
  • 19 cent profit vs 13-cent-loss expected;

Adobe beats on earnings and revenues, but drops almost 4% after hours

  • up 23% y/y

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