Take a look at the companies making headlines in intraday trading: Nike – shares soared 10%. The sneaker company announced that Chief Executive John Donahoe will step down on October 13. Retired in 2020 after 32 years with the company. FedEx — Shares of the shipping company fell 10%. FedEx lowered the upper limit of its full-year profit forecast and lowered its revenue guidance. The first quarter results also fell short of expectations. FedEx reported adjusted earnings of $3.60 per share on revenue of $21.58 billion, while analysts polled by LSEG expected earnings of $4.76 per share on revenue of $21.93 billion. MillerKnoll — The office furniture company’s fiscal first-quarter revenue and profit missed analysts’ estimates, sending its shares down more than 2%. MillerKnoll reported adjusted earnings of 36 cents per share on revenue of $861.5 million. Analysts polled by FactSet forecast earnings of 40 cents per share on revenue of $889.4 million. The company also issued weak guidance for the quarter. Lennar — The homebuilding company fell 3% despite beating Wall Street estimates in its fiscal third quarter. Lennar reported earnings of $4.26 per share on revenue of $9.42 billion. Analysts surveyed by London Stock Exchange Group (LSEG) expected earnings of $3.63 per share on revenue of $9.17 billion. Chewy – Shares of the pet products retailer fell about 1%. Chewy announced a $500 million public offering of Class A shares by Buddy Chester Sub LLC, an entity affiliated with BC Partners Advisors, Chewy’s largest shareholder. The retailer also agreed to buy $300 million in stock from Buddy Chester; Chewy said it will cancel and retire those repurchased shares after the deal closes.
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