Here are some of the day’s biggest movers:
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Shares of FedEx Corp.
FDX,
+4.71%
rose 5% after the package deliverer raised its full-year profit outlook, as efforts to cut billions in costs helped its bottom line despite continued weaker shipping demand that weighed on sales.
CrowdStrike Holdings stock
CRWD,
+1.42%
rose 3% as the cloud security firm raised its target for subscription gross margins by 400 basis points and for operating margins by 900 basis points.
Stock decliners:
Shares of digital-marketing platform Klaviyo Inc.
KVYO,
+1.42%
were down 3%, after finishing 9.2% higher on its trading debut.
KB Home stock
KBH,
-4.42%
slipped 2% after-hours, even as the home builder posted earnings ahead of estimates and guided for full-year revenue above estimates.