Some of the names on the move ahead of the open.
INDIANAPOLIS— The Finish Line Inc.' s fiscal first-quarter profit rose as a key sales metric improved. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Eight analysts surveyed by Zacks expected $432.4 million.
Michael Binetti, UBS senior retail analyst, weighs in on Nike's Q4 results, and discusses how the potential passage of the trade bill in Congress could be a huge tailwind for the stock.
Matt Powell, vice-president of industry analysis at NPD Group, discusses Nike's recent "terrific" earnings report.
Guy Look, CFO and executive director at Sa Sa International, says the Hong Kong cosmetics retailer is facing issues with its store locations and product offerings.
John Burke, CEO of Burke Financial Strategies, says expectations for the upcoming earnings season are a little too high.
June 25- Nike Inc, the world's largest footwear maker, reported a better-than-expected profit for the eighth quarter in a row as it sold more high-margin shoes and apparel at higher prices, and posted a surprise rise in growth of "futures orders." Nike's orders for delivery from June through November, a gauge of demand it calls "futures orders," rose 13 percent...
BRASILIA, June 25- Brazil's central government recorded its widest monthly primary budget deficit in 8 months in May, nearly wiping out the surplus of the previous month as tax revenues plummet. Despite a flurry of tax hikes and spending cuts President Dilma Rousseff is struggling to save enough money to meet its 2015 fiscal goal, which is considered key to...
June 25- Nike Inc, the world's largest footwear maker, reported a better-than-expected profit for the eighth quarter in a row as it sold more high margin basketball shoes and apparel at higher prices. Nike's higher-margin Jordan, LeBron, Kobe and KD basketball shoe brands have been especially popular in the U.S., helping drive sales of the company's footwear...
June 25- Micron Technology Inc reported lower-than-expected quarterly revenue and profit, hurt by a fall in prices and lower demand for its chips used in personal computers, sending its shares down 7.8 percent in after-market trading. Morgan Stanley analysts said last week a sharp rebound they expected in Micron's earnings was delayed at least until the...
Rob Plaza, Key Private Bank, provides instant analysis on Nike's quarterly earnings report.
BEAVERTON, Ore.— Nike's fourth-quarter profit and revenue grew, sending its shares higher in aftermarket trading. Despite a stronger dollar that hurt its sales, Nike said its net income rose 24 percent to $865 million, or 98 cents per share. Nike Inc.' s fiscal fourth quarter ended on May 31.
June 25- Nike Inc, the world's largest footwear maker, reported a 24 percent rise in quarterly profit as it sold more high margin basketball shoes and apparel at higher prices. The company said net income rose to $865 million, or 98 cents per share, in the fourth quarter ended May 31 from $698 million, or 78 cents per share, a year earlier. Revenue rose 4.8 percent to $7.78...
Nike is reporting EPS beat of $0.98 on revenue beat of $7.78 billion, with CNBC's Sara Eisen.
Micron is reporting EPS miss of $0.54 adjusted on revenue miss of $3.85 billion, with CNBC's Josh Lipton.
Nike delivered quarterly earnings and revenue that topped analysts' expectations on Thursday.
FREMONT, Calif. _ Synnex Corp. on Thursday reported fiscal second-quarter profit of $51.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share. Three analysts surveyed by Zacks expected $3.41 billion.
BOISE, Idaho— Shares of Micron Technology slumped in aftermarket trading Thursday after the chipmaker said the weak PC market hurt its business in its fiscal third quarter. Analysts had forecast a profit of 57 cents per share in the latest quarter on $3.94 billion in revenue, according to Zacks Investment Research. Micron Technology Inc. shares sank $2.84, or 12...
June 25- Chipmaker Micron Technology Inc reported a 39 percent drop in third-quarter profit, hurt by a fall in prices and lower demand for its chips used in personal computers. Net income attributable to Micron slipped to $491 million, or 42 cents per share, for the third quarter ended June 4, from $806 million, or 68 cents per share, a year earlier.
Jyrki Tervonen, CFO of H&M, discusses the company's recent earnings report.