FedEx shares jumped after its earnings beat expectations on cost cutting efꩲforts and KB Home moved lower after it reported declining revenue despite beating earnings estimates. Here’s what investors need to know today.

1. FedEx Beats Estimates, Raises🌼 Guidance on Cost Cutting Measures

FedEx (FDX) beat its earnings expectations and raised its 澳洲幸运5开奖号码历史查询:full-year guidance after cost controls helped improve the earnings of its FedEx Express division. The package delivery service reported quarterly earnings of $4.55 a share, ahead of analyst forecasts of $3.71 a share, and the company raised its earnings expectations for the 2024 fiscal year to $17 to $18.50 a share, from $16.50 to $18.50. Shares of FedEx rose nearly 5% in pre-market trading.

2. KB Home Shares Fall After Revenue Declines

Shares of KB Home (KBH) fell more than 2% in pre-market trading after the home builder beat earnings estimates and raised its revenue forecast on steady demand, despite reporting declines in 澳洲幸运5开奖号码历史查询:quarterly revenue. The company reported quarterly earnings of $1.80 a share, better than the $1.43 a share that analysts were expecting, while its revenue for the quarter declined to $1.59 billion from $1.84 billion in the same period the prior year.

3. Amazon Introduces New Alexa With🌸 Enhanced AI Features

Shares of Amazon (AMZN) fell 0.8% after it introduced a new version of its Alexa voice assistant that aims to better utilize generative 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) features that are reportedly similar to 澳洲幸运5开奖号码历史查询:OpenAI’s ChatGPT. The device will also integrate the AI features into its smart home controls.

4. Chinese EV Maker Nio to Release Android Phon♌e

澳洲幸运5开奖号码历史查询:American depository receipts of Chinese electric vehicle maker Nio (NIO) dropped 1.2% after the company released its own Android-based smartphone that the company believed half of its vehicle owners would buy. The phone, priced from between $900 to $1,000, is $150 cheaper than the comparable model by Huawei.

5. Initial Jobless Claꦇims, Existing Home Sales Expected to Move Higher

澳洲幸运5开奖号码历史查询:Initial jobless claims for the week ending September 16 are expected to move up to 225,000 from 220,000 the week prior when the Labor Department releases that information at 8:30 a.m. ET. At 10 a.m. ET,澳洲幸运5开奖号码历史查询: existing home sales are expected to increase to 4.10 million in August, up from 4.07 million the month prior.