Check out the companies making headlines in midday trading.
. FedEx reported earnings per share of $3.05. Analysts polled by Refinitiv expected a profit of $3.15 per share. The company also slashed its fiscal-year earnings outlook.
"Our performance continues to be negatively impacted by a weakening global macro environment driven by increasing trade tensions and policy uncertainty," CEO Fred Smith said in a statement.— Shares of Roku cratered more than 12% after Comcast announced that its streaming service Xfinity Flex is now included with an internet-only subscription for free. The platform lets customers stream Netflix, Amazon Prime Video, HBO, Showtime and YouTube, making it a direct competitor to Roku.
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