See the companies making headlines in extended trading: Nike — Shares rose 10%. The sneaker company announced that CEO John Donahoe would step down on Oct. 13. Nike veteran Elliott Hill, who spent 32 years at the company before retiring in 2020, will take the helm. FedEx — Shares of the shipping company fell 10%. FedEx cut the high end of its full-year profit guidance and lowered its revenue forecast. Its fiscal first-quarter results also disappointed. FedEx reported adjusted earnings per share of $3.60 on revenue of $21.58 billion, while analysts polled by LSEG had expected earnings of $4.76 per share and revenue of $21.93 billion. MillerKnoll — The office furniture company fell more than 2% after missing analysts' top and bottom line estimates in its fiscal first quarter. MillerKnoll reported adjusted earnings of 36 cents per share on revenue of $861.5 million. Analysts polled by FactSet had expected 40 cents per share on revenue of $889.4 million. The company also issued weak guidance for the current quarter. Lennar — The home improvement company fell 3% despite beating Wall Street estimates in its fiscal third quarter. Lennar reported earnings of $4.26 per share on revenue of $9.42 billion. Analysts polled by LSEG had expected earnings of $3.63 per share on revenue of $9.17 billion. Chewy — Shares of the pet products retailer fell about 1%. Chewy announced a $500 million public offering of its Class A shares through Buddy Chester Sub LLC, an entity affiliated with funds advised by BC Partners Advisors, Chewy's largest shareholder. The retailer also agreed to buy $300 million worth of shares from Buddy Chester; Chewy said it will cancel and retire the repurchased shares once the transaction closes.
