Stocks Mixed After Earnings: FedEx Gains on Beat, KB Home Falls Despite Beat, Klaviyo Slides Post-IPO

FedEx stock gained over 5% after fiscal Q1 earnings beat expectations. Revenue was slightly below forecasts.
KB Home stock fell over 3% despite beating Q3 earnings and revenue expectations. It expects lower housing margins in Q4.
Klaviyo stock slid 1% after its IPO opened at $36.75 per share, above its $30 offer price.
Skyworks Solutions stock fell 1.3% after a BNP downgrade to neutral and lower price target.
Starbucks announced plans to increase its dividend by 7.5% and opened a new facility in China. Stock was marginally lower premarket.

cnbc.com

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