After the closing bell on March 20, 2025, several prominent companies reported earnings that led to notable movements in their stock prices during after-hours trading. Here's a summary of the key movers:
Nike (NKE)
Nike's stock rose by 3% in after-hours trading, reaching $73.98, following stronger-than-expected third-quarter earnings and sales. The company reported adjusted earnings of 54 cents per share, surpassing the consensus estimate of 30 cents. Revenue fell by 9% year over year to $11.3 billion but still exceeded analysts' expectations of $11 billion. CEO Elliott Hill expressed confidence in Nike’s current strategic focus, highlighting recent achievements through athlete storytelling, performance products, and sports events. Despite not providing immediate detailed guidance, the outlook for the second half of the fiscal year remains consistent with previous communications, with expected pressure on sales and profitability in the short term.
Micron Technology (MU)
Micron Technology's shares jumped 5% in after-hours trading following a strong fiscal second-quarter performance, driven by surging sales of AI-related high-bandwidth memory (HBM) chips. The company's revenue and earnings exceeded Wall Street's expectations, with HBM chip sales surpassing $1 billion, a 50% sequential increase. CEO Sanjay Mehrotra highlighted Micron's competitive position and gains in high-margin product categories. The company reported $8.0 billion in revenue and $1.78 billion in net income, outperforming expectations. The third-quarter outlook also appears promising with anticipated revenue around $8.80 billion. Additionally, Micron is sold out of HBM chips for 2025 and anticipates multi-billion revenue for the fiscal year, expecting continued strong demand into 2026.
FedEx (FDX)
FedEx reported its quarterly earnings after the market closed, with projections of a 20% increase in adjusted earnings per share (EPS) and slight revenue growth. Analysts have maintained a bullish outlook on the stock, anticipating positive performance in the logistics sector.
Accenture (ACN)
Accenture shares fell over 7% despite meeting earnings estimates, as investors reacted to the company's cautious outlook amid global economic uncertainties.
Darden Restaurants (DRI)
Darden Restaurants saw shares rise 5% on mixed results and a new delivery pilot with Uber, indicating potential growth in its delivery services segment.
These after-hours movements reflect the market's immediate response to each company's financial performance and strategic outlook. Investors should continue to monitor these developments as markets react to the latest earnings reports.
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