Market Movers: Unpacking Today's Key Corporate Earnings and Forecasts
MoneyHero Ltd. Anticipates Quarterly Setback Amidst Market Volatility
MoneyHero Ltd. is projected to disclose a quarterly loss of 2 cents per share, with expected revenues around $19.92 million before the market opens. Following this anticipation, the company's shares experienced an 8.1% increase, reaching $2.40 in after-hours trading, indicating a potential speculative interest despite the projected loss.
FedEx Corp. Delivers Strong Q1 Results and Future Growth Projections
FedEx Corp. announced impressive financial outcomes for the first quarter of fiscal year 2026, surpassing analyst expectations. The logistics giant foresees a revenue increase of 4% to 6% year-over-year for fiscal 2026. Furthermore, FedEx reaffirmed its commitment to achieving $1 billion in permanent cost reductions through structural changes and the implementation of its Network 2.0 strategy. Post-announcement, FedEx shares climbed by 5.5%, trading at $238.91 in after-hours sessions.
Globus Maritime Ltd. Prepares for Earnings Release
Globus Maritime Ltd. is scheduled to unveil its quarterly earnings report after the market closes. Analysts are forecasting a loss of 18 cents per share on revenues of $8.80 million for the shipping company. In after-hours trading, Globus Maritime shares saw a modest gain of 0.6%, reaching $1.14.
Lennar Corp. Reports Disappointing Third-Quarter Performance
Homebuilder Lennar Corp. disclosed third-quarter results that fell short of market expectations. The company reported adjusted earnings of $2 per share, missing the consensus estimate of $2.10. Quarterly revenue also lagged, coming in at $8.81 billion against an anticipated $8.99 billion. Following these results, Lennar's shares declined by 3.2% to $128.62 in after-hours trading.
Scholastic Corp. Experiences First-Quarter Financial Downturn
Scholastic Corp., a well-known publishing company, reported an unfavorable financial performance for its first quarter. This news led to a significant drop in its stock price, with shares falling 10.3% to $24.70 in after-hours trading, reflecting investor concerns over the company's recent result