Investing.com - Here are the stocks moving postmarket.
FedEx (NYSE:FDX) shares tumbled 5% as its earnings fell short of expectations. But the bigger problem was guidance.
The package delivery company said it sees fiscal 2019 earnings of $15.10 to $15.90. That’s short of the consensus of $15.19 that S&P Capital IQ had, according to Briefing.com.
The company blamed weaker global trade growth and slowing international economic conditions.
Sage Therapeutic (NASDAQ:SAGE) rose 4% in after-hours trading. The FDA approved its intravenous drug Zulresso for women who have postpartum depression.
And cloud-based software company Smartsheet (NYSE:SMAR) soared more than 9% after hours.
Smarsheet reported a loss better than the forecasts compiled by Investing.com, while revenue was also ahead of consensus.