Here’s a look at the companies making headlines after the bell: Nike – Shares turned around and fell 5% after the athletic shoe retailer noted its sales in China were slowing. Nike beat Wall Street expectations in its latest quarter. The company reported earnings of 77 cents per share on revenue of $12.43 billion, beating the 74 cents per share on revenue of $12.28 billion that analysts polled by LSEG had expected. FedEx and United Parcel Services — Shares rose nearly 13% after the shipping company beat expectations for quarterly profit. FedEx reported adjusted earnings of $3.86 per share, above analysts’ estimates of $3.45 per share, according to LSEG. However, the company’s revenue fell short of estimates. FedEx also announced a $5 billion stock buyback. UPS shares rose 4%. Lululemon Athletica — Shares of the athletic company fell 10%. Lululemon issued a weak forecast and said growth in North America was slowing. The company also reported earnings and revenue for its fiscal fourth quarter. Dutch Bros — Shares of the drive-thru chain fell about 5%. Dutch Bros announced the commencement of a secondary offering of its shares to certain shareholders associated with TSG Consumer Partners LP. These selling shareholders plan to offer 8 million shares and Dutch Bros will not receive any proceeds from the sale. Reddit – Social media shares fell 2%. Reddit debuted on the New York Stock Exchange on Thursday, rising 48% on its first day of trading. — CNBC’s Darla Mercado contributed reporting.
