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After-hours movers: FedEx and Nike rise; Lululemon falls
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investing.comAfter-Hours Stock Movers:
FedEx (NYSE:FDX) climbed 12% after reporting earnings per share that beat estimates and approving a buyback program of $5 billion. Shares of rival UPS (UPS) also gained.
lululemon athletica (NASDAQ:LULU) declined 10% after the clothing company published full year revenue guidance that trailed estimates. Guidance for first quarter revenue also fell short of views.
Nike (NYSE:NKE) gained 1.5% after it reported earnings per share and revenue that beat estimates. Its business in China was a bright spot.
Dutch Bros Inc. (NYSE:BROS) declined 4% after it commenced an 8 million share offering of its Class A common stock by certain selling stockholders.
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