Check out the companies making headlines in after-hours trading. FedEx — Shares of FedEx rose 8% after the delivery giant reported better-than-expected profits. FedEx reported second-quarter adjusted earnings of $4.05 per share, higher than the $3.90 per share expected by analysts polled by LSEG. However, revenue fell short of expectations. The company also announced plans to spin off its freight business. Nike — Shares of Nike rose about 6% after the retailer’s fiscal second-quarter results topped Wall Street expectations. Nike earned 78 cents per share on revenue of $12.35 billion. Analysts expected earnings of 63 cents per share on revenue of $12.13 billion, according to LSEG. Mission Produce – Shares of Mission Produce rose 9% after the company’s fiscal fourth-quarter results beat analysts’ expectations. Mission Produce reported adjusted earnings of 28 cents per share on revenue of $354.4 million. That was an improvement from the 11 cents per share the company reported in the same period last year. Revenue also increased 37% compared with the same period last year. U.S. Steel — Shares of U.S. Steel fell more than 4% after the steelmaker issued weak fourth-quarter guidance. U.S. Steel expects a loss of 25 cents to 29 cents a share in the quarter, while analysts expect a profit of 22 cents a share, according to FactSet.
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