By WSJ Staff

FedEx $(FDX)$: The parcel-delivery company, sometimes viewed as an economic bellwether, said it expects a $1 billion hit to annual earnings due to U.S. tariffs. Still, it posted better-than-expected adjusted earnings and revenue. Shares gained 5% in premarket trading.

Intel $(INTC)$: Shares of the chip-maker fell 3% premarket after rallying 23% Thursday on its deal with Nvidia.

Lennar $(LEN)$: The homebuilder's profit fell for a fourth consecutive quarter and its sales missed expectations. The industry continues to struggle with high mortgage rates and economic uncertainty. Shares slipped 3% ahead of the open.

United Parcel Service (UPS): The FedEx rival terminated plans to buy Estafeta, after a lengthy effort to acquire the Mexican small-package provider. Shares advanced 2.5% before the bell.

Jefferies $(JEF)$: The investment bank is bolstering its ties with Sumitomo Mitsui (JP:8316). The Japanese firm's commercial banking subsidiary plans to raise its stake in Jefferies to up to 20%, executives told The Wall Street Journal.

Scholastic $(SCHL)$: The children's book publisher recorded a wider loss last quarter as schools delayed or pulled back on purchases due to uncertain federal and state funding.

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(END) Dow Jones Newswires

September 19, 2025 04:44 ET (08:44 GMT)

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