FedEx, Nike, Micron, Lennar, Quantum Computing, Luminar, and More Market Movers - Barron's
1. FedEx missed earnings estimates and cut profit guidance for the fiscal year. 2. Shares fell 7.2% in premarket trading due to weaker demand. 3. Expected earnings were revised down to $18-$18.60 per share. 4. Revenue is also forecasted to decline slightly compared to last year. 5. Continued uncertainty in the U.S. economy is constraining demand.