Check out the companies that made headlines after the bell: Nike — Shares rose 3% after the athletic shoe retailer beat Wall Street’s expectations for revenue and earnings in its latest quarter. Nike posted earnings of 77 cents per share on sales of $12.43 billion, beating the 74 cents per share on sales of $12.28 billion expected by analysts surveyed by LSEG. FedEx, United Parcel Service — Shares rose nearly 13% after the shipping company beat quarterly profit estimates. FedEx reported adjusted earnings of $3.86 per share, beating analysts’ expectations of $3.45 per share, according to LSEG. However, the company’s revenue fell short of expectations. FedEx also announced a $5 billion share buyback. UPS stock rose 4%. Lululemon Athletica — the athleisure company’s stock fell 10% on his. Lululemon issued a weak outlook, reporting slowing growth in North America. Separately, the company posted higher profits and sales in its fourth quarter results. Dutch Bros. — Shares of the drive-thru coffee chain fell about 5%. Dutch Brothers announced the commencement of a secondary offering of its stock by certain shareholders associated with TSG Consumer Partners LP. These selling shareholders plan to sell 8 million shares, and Dutch Brothers will not receive any proceeds from the sale.
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