FedEx Corporation, symbolized as FDX on the NYSE, saw a significant uptick in pre-market trading following a robust third-quarter earnings report and the announcement of a new $5 billion share repurchase program.

For the third quarter, FedEx reported earnings of $3.86 per share, surpassing the analyst consensus of $3.45 by 11.88%. This marks a 13.2% increase from the same period last year when earnings were at $3.41 per share. However, quarterly sales slightly missed expectations, coming in at $21.7 billion compared to the estimated $22.04 billion.

The surge in FedEx shares amounted to a notable 12.4%, reaching $297.72 in pre-market trading.

Here is a glimpse of some other stocks making moves in pre-market trading:

Winners

• Murano Global Investments PLC (MRNO) soared 266.4% to $35.43.
• Nova LifeStyle, Inc. (NVFY) jumped 62.5% to $2.99.
• BIOLASE, Inc. (BIOL) saw a 32.8% increase to $0.1990.
• Griid Infrastructure Inc. (GRDI) climbed 30.9% to $1.44.
• Visionary Holdings Inc. (GV) gained 16.1% to $0.1950.
• SU Group Holdings Limited (SUGP) rose by 13.1% to $3.29.
• HeartBeam, Inc. (BEAT) witnessed a 10.8% rise to $2.56.
• Ocugen, Inc. (OCGN) surged 9% to $1.46 after appointing a new Chief Medical Officer.
• Worthington Steel, Inc. (WS) advanced 3.9% to $33.15 following strong third-quarter results.

Losers

• Abits Group Inc. (ABTS) dropped 17.6% to $0.6398.
• Lululemon Athletica Inc. (LULU) declined 12.8% to $417.25 due to a weak first-quarter forecast despite strong fourth-quarter results.
• Selina Hospitality PLC (SLNA) fell 11.5% to $0.2478.
• Pyxis Oncology, Inc. (PYXS) decreased 11.3% to $4.40 following the release of FY23 financial results.
• Ispire Technology Inc. (ISPR) saw an 11.3% drop to $7.20.
• Asset Entities Inc. (ASST) fell 10.9% to $0.5750 after a previous surge.
• MMTec, Inc. (MTC) tumbled 10.7% to $2.05.
• JOANN Inc. (JOAN) shares declined 9.1% to $0.14.
• Next.e.GO N.V. (EGOX) witnessed an 8.4% drop to $0.0461.
• NIKE, Inc. (NKE) shares fell 6.3% to $94.49 despite positive third-quarter earnings and sales results.

Now Read This: FedEx, Nike And 3 Stocks To Watch Heading Into Friday