FedEx, GameStop, CNFinance and United States Steel: What to Watch in the Stock Market Today

benzinga2022-03-18

Some of the stocks that may grab investor focus today are:

FedEx Corporation FDX reported weaker-than-expected earnings for its third quarter, while sales exceeded estimates. The company said it expects an adjusted EPS of $20.50 to $21.50. FedEx shares dropped 3.8% to $219.29 in the after-hours trading session.

GameStop Corp GME reported a net loss for the fourth quarter on Thursday. Its net sales increased 6.2% to $1.88 billion, while its gross profit shrank 15.7% during the quarter. GameStop shares dipped 8% to $80.65 in after-hours trading.

Analysts expect CNFinance Holdings Limited CNF to post a quarterly loss at $0.01 per share on revenue of $71.32 million before the opening bell. CNFinance shares rose 6.2% to $3.79 in after-hours trading.

United States Steel Corp X issued weak earnings forecast for the first quarter. The company said it sees Q1 adjusted earnings to be in the range of $2.96 to $3 per share versus the estimate of $3.77 per share. United States Steel shares dropped 3.5% to $33.34 in the after-hours trading session.

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