FedEx, Klaviyo, KB Home, CrowdStrike, and More Stock Market Movers

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Stock futures fell on Thursday after the Federal Reserve kept interest rates steady but signaled that one more quarter-point rate hike is possible this year. The central bank has forecast rate cuts in 2024, but not as much as it has done in the past.

These stocks were set to make moves on Thursday:

FedEx

( FDX ) shares rose 4.9 percent in premarket trading after the shipping company reported fiscal first-quarter earnings that beat analysts’ estimates and increased operating margins amid cost-cutting measures.

FedEx

It also raised its guidance for the fiscal year, expecting adjusted profit of $17 to $18.50, up from $16.50 to $18.50 previously. Rival

United Parcel Service

(

Oops

) increased by 0.9 percent.

Clavio

( KVYO ) fell 3.6% to $31.58 in premarket trading after the Boston-based marketing software company opened to trade at $36.75 on Wednesday, up 23% from its initial sale price.

KB Home

( KBH ) posted better-than-expected fiscal third-quarter earnings and raised its full-year revenue forecast. Chairman and CEO Jeffrey Methger said in a statement that demand was “steady” in the third quarter “even as mortgage interest rates increased as the quarter progressed.” After-hours trading was down 2.2% on Wednesday.

CrowdStrike Holdings

(CRWD), the cyber security company in A.A. It was up 2.6% in premarket trading after the announcement. Brief description Fal.Con will raise the new subscription gross margin to 82%-85% of revenue, up 400 basis points from the previous target, and raise the operating margin target to 28% to 32% by 900 basis points. The company stated that the time limit to achieve these goals is three to five years.

Dr. Horton

(

DHI

) from October 1 Paul J. Vice Chairman of the Board. Auld has served as President and CEO since October 2014. The stock was down 0.8 percent.

Earnings reports are expected from Thursday

Darden Restaurants

(DRI) and

FactSet Research Systems

(FDS)

Write to Joe Woelfel at [email protected]