With US stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects InMed Pharmaceuticals Inc to report a quarterly loss at $5.50 per share on revenue of $750.00 thousand before the opening bell. InMed Pharmaceuticals shares rose 1.2% to $7.00 in after-hours trading.
- Costco Wholesale Corporation reported better-than-expected results for its fiscal fourth quarter on Thursday. Costco shares, however, fell 3.3% to $471.02 in the pre-market trading session.
- EDAP TMS S.A. reported a public offering of American Depositary Shares. However, no size of the offering was disclosed. EDAP shares dropped 5.8% to $8.07 in after-hours trading.
- FedEx Corporation said its adjusted earnings per share dropped to $3.44 for the quarter ended Aug 31 compared to $4.37 in the year-ago period, while revenue increased to $23.2 billion from $22 billion. FedEx also announced plans to repurchase $1.5 billion of its common stock during fiscal 2023. The company said it plans to repurchase $1 billion of its common stock in the second quarter. FedEx shares slipped 1% to $153.00 in the pre-market trading session.
- Credit Suisse Group AG shares slumped to a record low after the bank was forced to deny a Reuters report that it is considering exiting the US market, signaling that doubts still remain over the troubled lender’s upcoming strategy revamp. Credit Suisse shares fell 4.67% to $4.49 in premarket trading.