A FedEx worker sporting a protecting masks and gloves hundreds bins right into a truck amid the coronavirus pandemic on April 28, 2020 in New York Metropolis,Alexi Rosenfeld | Getty ImagesCheck out the businesses making headlines after the bell.FedEx — The delivery firm’s stock climbed 9% after the closing bell following its launch of fourth-quarter earnings. The delivery firm reported earnings of $2.53 per share on revenues of $17.36 billion, beating analysts’ estimates of $1.52 per share on revenues of $16.four billion, in line with Refinitiv. The corporate reported a $125 million improve in coronavirus-related working prices. Shares of UPS jumped 5% after the market closed. Fb — The social media big’s stock dipped about 1% in prolonged buying and selling after Goal introduced it was suspending promoting on Fb and Instagram for the month of July, in line with an announcement the retailer gave to NBC Information. Goal stated it was going to make use of the pause to reevaluate its promoting plans for the remainder of the yr. The retailer joins a rising record of corporations which have chosen to hitch the “#StopHateForProfit” marketing campaign. In pausing their promoting on the social media platform, the businesses are hoping to stress Fb into doing extra to curb hate speech and the unfold of disinformation. Fb introduced Tuesday that it was banning an anti-government community primarily based within the U.S. that appears to advertise violence via the boogaloo motion. The corporate stated it eliminated quite a few Fb accounts, pages and teams, in addition to Instagram accounts related to the boogaloo community.Virgin Galactic — Shares of the area journey firm rose 3% after the closing bell. Virgin Galactic advised CNBC Tuesday that it expects to cross the remaining Federal Aviation Administration milestones wanted for ultimate regulatory approval to conduct common spaceflights after it completes one or two extra rocket-powered check flights. Getting that approval would deliver the corporate nearer to flying out clients to the sting of area.Inovio Prescribed drugs — Shares of Inovio Prescribed drugs fell about 1% in prolonged hours after dropping almost 15% earlier within the day. Medical information web site Stat reported earlier Tuesday that the corporate has not offered information obligatory to find out whether or not its coronavirus vaccine works. Inovio claimed constructive ends in its medical trial in a press launch Tuesday morning however has not disclosed what number of sufferers produced Covid-19 antibodies, in line with Stat.
