Premarket Movers | FedEx Jumps as Results Top Estimates; Lennar Drops as Earnings Miss Estimates

TigerSep 19, 2025 8:02 AM

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FedEx reported quarterly profit and revenue above Wall Street estimates, as cost-cutting and strength in domestic deliveries helped offset weaker international volumes after the U.S. ended tariff exemptions on low-value, direct-to-consumer shipments.

Shares of Memphis-based FedEx climbed 5.5% in premarket trading on Friday after surprising Wall Street. Analysts had expected profit per share to fall due to the end of "de minimis" exemptions, which allowed shipments valued under $800 to enter the U.S. duty-free.

The logistics company returned to giving full-year guidance.

Peer UPS was up 1.9% in premarket trading.

Lennar stock dropped 2.7% in premarket trading on Friday after the company reported third-quarter earnings that missed analyst expectations. The builder’s margin narrowed more than expected in a tough housing market.

Lennar earned $2.29 a share, or $2.00 excluding mark-to-market gains on technology investments, on $8.8 billion in revenue. Analysts had expected earnings of $2.10 on revenue of just under $9 billion, according to FactSet.

However, Lennar’s gross margin, a closely watched metric at a time when home builders are cutting prices and offering buyer incentives to sell homes, was 17.5%, shy of consensus estimates calling for 17.8%.

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