FedEx Reports Downbeat Results, Joins MillerKnoll And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were lower this morning, with the Nasdaq futures falling over 80 points on Friday.
Shares of FedEx Corporation 
FDX fell sharply in today's pre-market trading after the company reported weaker-than-expected results for the first quarter of fiscal 2025 and lowered its full-year guidance.
FedEx reported first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $3.60 per share, missing analyst estimates of $4.80 per share.
FedEx shares dipped 13.1% to $260.92 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
- Rezolve AI Limited
RZLV shares dipped 11.3% to $6.21 in pre-market trading after jumping around 47% on Thursday. - Veea Inc.
VEEA shares fell 7.6% to $10.22 in pre-market trading after declining around 10% on Thursday. Veea recently announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases. - MillerKnoll, Inc.
MLKN shares declined 5.4% to $25.99 in the pre-market trading session as the company reported downbeat first-quarter financial results on Thursday. - Adient plc
ADNT shares fell 5.1% to $21.43 in pre-market trading. - Frontline plc
FRO shares declined 5% to $22.75 in pre-market trading. - Evotec SE
EVO slipped 5% to $3.46 in pre-market trading. - Hafnia Limited
HAFN shares fell 4.9% to $7.34 in pre-market trading. - Lennar Corporation
LEN shares declined 3.1% to $186.45 in pre-market trading. Lennar reported better-than-expected financial results for the third quarter. The company said it sees fourth-quarter new orders in a range of 19,000 to 19,300 and deliveries between 22,500 and 23,000. The company expects the average sales price to be approximately $425,000.
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