After-hours movers: FedEx falls on guidance, Exact Sciences gains on cologuard results

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Arbor Realty Trust (NYSE:ABR) 7% HIGHER; will replace Ranger Oil Corp (NASDAQ:ROCC) in the S&P SmallCap 600.

Exact Sciences (NASDAQ:EXAS) 3% HIGHER; Reports new Cologuard test demonstrates 94 percent sensitivity for colorectal cancer at 91 percent specificity.

FedEx (NYSE:FDX) 3% LOWER; reported Q4 EPS of $4.94, $0.08 better than the analyst estimate of $4.86. Revenue for the quarter came in at $21.9 billion versus the consensus estimate of $22.59 billion. FedEx sees FY2024 EPS of $16.50-$18.50, versus the consensus of $18.36.

Peloton Interactive (NASDAQ:PTON) 3% LOWER; Wolfe Research assumes coverage and downgraded the stock from Peerperform to Underperform with a price target of $6.00.

Spotify Technology S.A. (NYSE:SPOT) 2% HIGHER; Wolfe Research assumes coverage and upgraded the stock from Peerperform to Outperform with a price target of $190.00.

United Parcel Service Inc (NYSE:UPS) 1% LOWER; falls on FedEx’s guidance.