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.

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8/25/2023

Affirm Is Soaring Today -- Is the Buy Now, Pay Later Business Doing Well?

Affirm's stock soared by 25% after releasing its earnings report, which showed strong revenue growth, a narrower net loss, higher-than-expected guidance, and a decrease in delinquency rates, signaling the buy now, pay later fintech company's business model is performing better than expected.

9/20/2023

FedEx Tops Earnings Estimates, Lifts Full-Year Outlook Despite Margin Pressures

FedEx's earnings beat expectations and the company raised its full-year financial forecasts, leading to a rise in the stock price.

9/21/2023

FedEx Benefits from Rivals' Woes in Latest Earnings Report

FedEx reported adjusted earnings of $4.55 per share, an increase from $3.44 per share last year, attributing the boost to a strike threat at UPS and the bankruptcy of Yellow Corp, though overall demand remains "muted" and the macroeconomic picture is "a little bit softer."

9/21/2023

FedEx Beats Earnings Expectations, Lifts Guidance Despite Muted Revenue Outlook

FedEx reported a big quarterly profit beat after cutting costs and attracting customers from competitors UPS and Yellow, leading to a 5.7% rise in its shares.

9/21/2023

FedEx Beats Earnings Estimates But Lowers Revenue Outlook Despite Cost Cuts and Raised Profit Forecast

FedEx shares rise after reporting mixed financial results and raising earnings outlook, with multiple analysts increasing their price targets; Q1 revenue missed estimates but earnings beat forecasts, driven by the DRIVE program initiative and expense controls, leading to better-than-expected overall financial performance, as the company lowers full-year revenue guidance but raises earnings outlook.

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Posted 9/21/2023, 12:20:29 PM

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

Relevant topic timeline:

8/25/2023

Affirm Is Soaring Today -- Is the Buy Now, Pay Later Business Doing Well?

9/20/2023

FedEx Tops Earnings Estimates, Lifts Full-Year Outlook Despite Margin Pressures

FedEx's earnings beat expectations and the company raised its full-year financial forecasts, leading to a rise in the stock price.

9/21/2023

FedEx Benefits from Rivals' Woes in Latest Earnings Report

9/21/2023

FedEx Beats Earnings Expectations, Lifts Guidance Despite Muted Revenue Outlook

FedEx reported a big quarterly profit beat after cutting costs and attracting customers from competitors UPS and Yellow, leading to a 5.7% rise in its shares.

9/21/2023

FedEx Beats Earnings Estimates But Lowers Revenue Outlook Despite Cost Cuts and Raised Profit Forecast