Angelo Zino, equity analyst at S&P Capital IQ, highlights what to look for in Blackberry's earnings and says the Passport phone is a "good product" but unlikely to compete with Apple and Samsung.
The "Fast Money" traders take their positions in Nike shares after the company's strong Q1 beat.
Dana Telsey, Telsey Advisory Group CEO, says Nike is the dominant player in active wear.
Nike reported strong first quarter earnings. CNBC's Dominic Chu reports women's lines are growing faster than men's and the company's CEO Mark Parker sees great potential there.
Sept 25- Nike Inc, the world's largest sportswear maker, reported better-than-expected quarterly profit as strong demand for its products helped the company raise prices and revenue from Europe jumped 25 percent. The soccer World Cup, hosted by Brazil in June-July, was the first time that Nike sponsored more national teams than Adidas.
BEAVERTON, Ore.— Nike Inc. on Thursday reported fiscal first-quarter net income of $962 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. Analysts expected $7.8 billion, according to Zacks.
BOISE, Idaho— Micron Technology Inc. on Thursday reported fiscal fourth-quarter profit of $1.15 billion. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 82 cents per share. Analysts expected $4.17 billion, according to Zacks.
STOCKTON, Calif.— Diamond Foods Inc. on Thursday reported a loss of $1.9 million in its fiscal fourth quarter. Diamond Foods expects full-year earnings in the range of 90 cents to $1.10 per share. Diamond Foods shares have increased 3 percent since the beginning of the year.
Nike shares spiked after the sports apparel maker easily blew past expectations.
Nike reported better than estimated earnings per share, sales and global future orders data in Q1. Robert Plaza, Key Private Bank, thinks Nike is well positioned.
CNBC's Dominic Chu reports Nike beat on the bottom and top in Q1, and says global futures orders better than anticipated.
Is the selloff different this time? Steve Massocca, Wedbush Equity Management, and Timothy Lesko, Granite Investment Advisors, discuss if today's market decline is a buying opportunity.
DUBLIN— Ryanair says it plans to carry an extra 1 million passengers this year and has raised its profits outlook on the back of wide-ranging service improvements that have boosted sales and filled more aircraft. Ryanair shares rose as much as 4.2 percent in early trade in Dublin before retreating to 7.35 euros, up 0.5 percent.
Camilo Lyon, managing director for equity research at Canaccord Genuity, comments on Nike ahead of the group's earnings and explains he's cautious due to the foreign exchange impact.
NEW YORK— Scholastic Corp. on Thursday reported a loss of $34.1 million in its fiscal first quarter. On a per-share basis, the New York- based company said it had a loss of $1.05. Scholastic expects full-year earnings in the range of $1.80 to $2 per share, with revenue expected to be $1.9 billion.
Inga Beale, CEO of Lloyd's of London, says underinsurance is a big concern for the company, with governments footing the bill in areas where there are lots of natural catastrophes.
ST PETERSBURG, Fla.— Jabil Circuit Inc. on Wednesday reported a loss of $26.2 million in its fiscal fourth quarter. Analysts expected $3.81 billion, according to Zacks. Analysts surveyed by Zacks had expected revenue of $4.09 billion.
Sept 24- Contract electronics maker Jabil Circuit Inc forecast current-quarter revenue and core earnings above market estimates after sales of Apple Inc's iPhone 6 and 6 plus exceeded expectations.
Sept 24- Contract electronics maker Jabil Circuit Inc posted better-than-expected quarterly revenue, sending its shares up 4.1 percent in extended trading. Jabil reported a net loss attributable to the company of $26.2 million, or 13 cents per share, in the fourth quarter ended Aug. 31, compared with a profit of $127 million, or 61 cents per share, a year earlier.
NEW YORK— The stock market had its best day in a month, shaking off a three-day slump. Bed Bath& Beyond jumped 7 percent. The home goods retailer reported earnings and revenue for its latest quarter that were better than Wall Street analysts were expecting.