FedEx stock lifted by improved outlook as CrowdStrike boosts margin target

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FedEx stock lifted by improved outlook as CrowdStrike boosts margin target
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FedEx, CrowdStrike and KB Home shares were active.

Shares of FedEx Corp. FDX, +0.21% rose 5% after the package deliverer raised its full-year profit outlook, as efforts to cut billions in costs helped its bottom line despite continued weaker shipping demand that weighed on sales.

CrowdStrike Holdings stock CRWD, -0.97% rose 3% as the cloud security firm raised its target for subscription gross margins by 400 basis points and for operating margins by 900 basis points.Shares of digital-marketing platform Klaviyo Inc. KVYO, +9.20% were down 3%, after finishing 9.2% higher on its trading debut.

KB Home stock KBH, -0.72% slipped 2% after-hours, even as the home builder posted earnings ahead of estimates and guided for full-year revenue above estimates.

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