Brief Hosts Seana Smith and Brad Smith check in on some of the stocks moving most in Friday morning's extended-hours trading. Shares of FedEx (FDX) are plunging after the shipping company slashed its profit and revenue forecasts and missed on its fiscal first quarter earnings estimates.

FedEx cuts its fiscal-year outlook following weaker-than-expected fiscal first-quarter earnings, Nike stock rallies after the company announces CEO John Donahoe will be retiring, and Trump Media shares tumble as selling restrictions on former President Donald Trump expire.

FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year outlook. Here's what you need to know.

FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, and $4.90, respectively.

Those pressures do not appear to be easing. In its fiscal 2025 first quarter, which ended Aug. 31, FedEx earned $3.60 per share on revenue of $21.6 billion, falling short of Wall Street's consensus estimates for earnings of $4.76 per share on sales of $21.9 billion.