By Ben Glickman

 

FedEx slashed its full-year outlook for revenue after top- and bottom-line results missed analysts' estimates in the fiscal second quarter. The company has continued to see weaker shipping demand but raised profits in the period because of ongoing cost-cutting. Shares fall 9.1% to $254.50 after-hours.

Steelcase's sales fell 6% in the fiscal third quarter, more than expected by analysts. The furniture company forecast a revenue drop of 1% to 5% in the fourth quarter because of a lower order backlog as of the end of previous period. Shares fall 8.4% to $11.63 after-hours.

KULR Technology announced an underwritten public offering, but didn't say how many shares it would sell. The company plans to use proceeds for paying off credit facilities. Shares fall 16% to 25 cents after-hours.

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

December 19, 2023 18:58 ET (23:58 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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