Company News from March 21, 2022

  • Shares of FedEx Corporation FDX fell 4% after the company reported earnings of $4.59 per share in the third quarter of fiscal 2022, lagging Zacks consensus estimate of 4.69 $ per share.
  • GME shares of GameStop Corp. gained 3.5% after the company reported Q4 2021 revenue of $2.25 billion, beating Zacks’ consensus estimate of $2.19 billion.
  • Shares of StoneCo Ltd. STNE jumped 42% after the company reported Q4 2021 earnings of $0.02 per share, beating Zacks consensus estimate of $0.01 per share.
  • United States Steel Corporation’s X shares fell 4.6% after the company issued a weaker-than-expected forecast for the current quarter.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson