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Check out the companies that made headlines after the bell: Nike — Shares reversed and fell 5% after the athletic shoe retailer noted slowing sales in China. In its latest quarter, Nike beat Wall Street expectations. The company 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 has announced the commencement of an offering of shares by certain shareholders related to TSG Consumer Partners LP. These selling shareholders plan to sell their 8 million shares, and Dutch Brothers will not receive any proceeds from the sale. Reddit — Social media stocks fell 2%. Reddit debuted on the New York Stock Exchange on Thursday and soared 48% on its first day of trading. -CNBC’s girlfriend Darla Mercado contributed reporting.
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