FedEx (FDX) lead the Yahoo Finance trending tickers page on Wednesday, with shares falling more than 10% after the company's latest earnings release. The delivery company missed quarterly profit expectations and also cut its full-year revenue forecast amid a drop in US Postal Service demand.
Alphabet stock rose nearly 3% as the Information reported the tech giant plans to reorganize its adverising sales unit. Shares were headed for their highest close since April on the news.
Shares of the Toro Company (TTC) popped more than 10% after the company reported better fourth-quarter earnings than Wall Street expected. The lawn mower manufacturer's earnings per share of $0.71 reflected a 36% decrease from the same period last year but came in higher than the Street's estimates of $0.56.
General Mills (GIS) stock slipped nearly 3% as the company warned about weaker consumer demand. The cereal producer now sees full year revenues for its current fiscal year down 1% to flat. Previously it had projected revenue growth in a range of 3% to 4%.
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