Live News EARNINGS H impact Jun 24, 2026, 12:03 PM UTC

FDX Falls

FedEx shares fall 6.7% in pre-market trading despite beating earnings estimates

DHI CBRS FDX SYRE ECX MLTX ANAB SHG TOYO IPX TSN

SQUAWKNEWS Updated Jun 24, 2026, 12:04 PM UTC

U.S. stock futures were mixed this morning, with the Nasdaq 100 futures gaining more than 100 points on Wednesday.

Shares of FedEx Corp (NYSE: FDX ) fell sharply in pre-market trading following fourth-quarter results .

FedEx reported better-than-expected earnings for the fourth quarter of fiscal 2026 after the market closed on Tuesday.

However, the company said operating margin in the Federal Express segment shrank to 7.7% from 8.4% a year ago.

FedEx delivered fourth-quarter revenue of $25 billion, beating analyst estimates of $24.04 billion, according to Benzinga Pro.

The company posted adjusted earnings of $6.31 per share, beating estimates of $5.96 per share.

FedEx shares dipped 6.7% to $295.92 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

Cerebras Systems Inc (NASDAQ: CBRS ) shares dipped 13.6% to $195.78 in pre-market trading after reporting first-quarter results.

D.R.

Horton Inc (NYSE: DHI ) tumbled 11% to $138.99 in pre-market trading.

Spyre Therapeutics Inc (NASDAQ: SYRE ) declined 9.3% to $88.00 in pre-market trading.

Deutsche Bank analyst David Hoang, on Tuesday, maintained Spyre Therapeutics with a Buy and raised the price target from $115 to $135.

Ecarx Holdings Inc. (NASDAQ: ECX ) shares fell 6.1% to $1.08 in pre-market trading after gaining over 12% on Tuesday.

MoonLake Immunotherapeutics (NASDAQ: MLTX ) dipped 4.9% to $20.18 in pre-market trading as the company announced pricing of upsized $200 million public offering.

AnaptysBio Inc (NASDAQ: ANAB ) fell 4.8% to $56.60 in pre-market trading.

Shinhan Financial Group Co Ltd (NYSE: SHG ) declined 4.2% to $62.53 in pre-market trading.

TOYO Co., Ltd (NASDAQ: TOYO ) fell 4% to $12.42 in pre-market trading after gaining over 10% on Tuesday.

Iperionx Ltd (NASDAQ: IPX ) fell 3.6% to $27.76 in pre-market trading after declining over 5% on Tuesday.

Tyson Foods Inc (NYSE: TSN ) slipped 3.4% to $55.49 in pre-market trading.

Tyson Foods said it will release third quarter financial results on Monday, Aug.

Photo via Shutterstock