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FedEx Sinks After Hours; Smartsheet Dives, Sage Rises

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.

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