Here’s a look at the companies making headlines after the bell: Nike — The sneaker retailer beat Wall Street estimates for profit and revenue in its latest quarter, sending its shares up 3%. Nike reported earnings of 77 cents per share on revenue of $12.43 billion, beating analysts’ expectations of 74 cents per share on revenue of $12.28 billion, according to an LSEG survey. FedEx, United Parcel Services – The shipping company’s quarterly profit beat estimates, sending shares up nearly 13%. FedEx reported adjusted earnings of $3.86 per share, above 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 stock buyback. UPS shares rose 4%. Lululemon Athletica — Shares of the athleisure company fell 10%. Lululemon issued weak guidance and reported that growth in North America was slowing. Separately, the company reported fiscal fourth-quarter profit and revenue. Shares of Dutch Bros, the drive-thru coffee chain, fell about 5%. Dutch Bros announced that certain shareholders associated with TSG Consumer Partners LP will initiate a secondary offering of their shares. These selling shareholders are expected to issue 8 million shares and Dutch Bros will not receive any proceeds from the sale. Reddit — Social media shares fell 2%. Reddit debuted on the New York Stock Exchange on Thursday, soaring 48% in its first day of trading. -CNBC’s Darla Mercado contributed reporting.
