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

After-Hours Movers:

Arbor Realty Trust (NYSE:) 7% HIGHER; will replace Ranger Oil Corp (NASDAQ:) in the .

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

FedEx (NYSE:) 3% LOWER; reported Q4 EPS of $4.94, $0.08 better than the analyst estimate of $4.86. 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:) 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:) 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:) 1% LOWER; falls on FedEx’s guidance.