NEW YORK— Shares of Tempur Sealy plunged in premarket trading after the mattress maker cut its fiscal outlook on weak third-quarter sales. Lexington, Kentucky- based Tempur Sealy International Inc. now expects sales to fall between 1 percent and 3 percent in 2016. The stock fell $16.60, or 22.3 percent, to $58.85 in trading before the opening bell.
COLUMBUS, Ohio _ Worthington Industries Inc. on Wednesday reported fiscal first-quarter earnings of $65.6 million. The Columbus, Ohio- based company said it had profit of $1.02 per share. Keywords: Worthington Industries, Earnings Report.
ROCHESTER, N.Y. _ Paychex Inc. on Wednesday reported fiscal first-quarter profit of $217.4 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Paychex shares have risen 14 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 6 percent.
MENOMONEE FALLS, Wis. _ Actuant Corp. on Wednesday reported fiscal fourth-quarter net income of $17.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. For the current quarter ending in December, Actuant expects its per-share earnings to range from 14 cents to 19 cents.
Some of the names on the move ahead of the open.
Nike, Wells Fargo and BlackBerry are making headlines this Wednesday morning before the opening bell.
TORONTO, Sept 28- BlackBerry Ltd posted a 31.8 percent fall in second-quarter revenue and it said it would end all internal hardware development, including its well known smartphones. The Waterloo, Ontario- based company reported a net loss of $372 million, or 71 cents a share, on revenue of $334 million. A year ago, it reported a profit of $51 million, or 24 cents a share,...
WATERLOO, Ontario _ BlackBerry Ltd. on Wednesday reported a fiscal second-quarter loss of $372 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share. Five analysts surveyed by Zacks expected $390.7 million.
CNBC's Landon Dowdy breaks down Nike's quarterly results which beat Street estimates but forecasts weaker than expected future orders.
BEIJING, Sept 28- China's economy was less healthy in the third quarter than a recent spate of upbeat data suggest, with growth coming exclusively from manufacturing and property while the services and retail sectors faltered, a private survey showed. Manufacturing posted its fastest expansion nationally, with 53 percent of companies seeing revenue gains, up...
Nike is consistently innovating because it has always had rivals on its heels, says Reality Shares' Eric Ervin.
South Korea's corporate earnings have not seen much growth in recent years, while wage growth has been limited, says Kiwoom Securities' Daniel Yoo.
Nike might be a high-quality business delivering strong growth, but competitors Adidas and Under Armour are stepping up, says The Motley Fool's Jason Moser.
CNBC's Dominic Chu reports the details from Nike's quarterly earnings conference call, including what CEO Mark Parker has to say.
These are the stocks posting the largest moves after the bell: Sonic, Nike, Tempur Sealy and Corrections Corporation of America.
The company's worldwide future orders grew slower than analysts had expected.
CINCINNATI _ Cintas Corp. on Tuesday reported fiscal first-quarter profit of $138.1 million. Cintas expects full-year earnings to be $4.55 to $4.63 per share, with revenue in the range of $5.16 billion to $5.23 billion. Cintas shares have risen 25 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 6 percent.
Sept 27- Nike Inc forecast future orders below analysts' estimate on a constant currency basis, in part due to weakness in its basketball category and increased competition from rival Adidas, which has continued to gain ground in North America. The company's net income rose to $1.25 billion, or 73 cents per share, in the first quarter ended Aug. 31, from $1.18 billion,...
BEAVERTON, Ore. _ Nike Inc. on Tuesday reported fiscal first-quarter earnings of $1.25 billion. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Eight analysts surveyed by Zacks expected $8.85 billion.
HOUSTON _ Synthesis Energy Systems Inc. on Tuesday reported a loss of $11.6 million in its fiscal fourth quarter. The Houston- based company said it had a loss of 13 cents per share. For the year, the company reported that its loss narrowed to $23.1 million, or 27 cents per share.