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NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Teekay Tankers Ltd., down 70 cents to $4.70. The business services provider is selling its information technology outsourcing division to France's Atos for $1.05 billion.
CarMax jumped 11 percent after the used car dealership chain reported a surge in earnings. Nike fell 2 percent after reporting a drop in orders from Japan and developing markets in Asia. Crude oil surged $2.36 to $56.52 a barrel in New York.
NEW YORK, Dec 19- U.S. stocks gained ground in late afternoon trading on Friday, extending the S&P 500' s best two-day run in more than three years, helped by higher energy shares. Brent crude oil rebounded to end up 3.6 percent at $61.38 a barrel, while WTI crude jumped 4.5 percent to settled at $56.52. Among decliners, shares of Nike shed 2.8 percent, a day after the...
Nike shares came under pressure Friday over the potential impact of extremely volatile currency rates. Nike reported quarterly earnings late Thursday and said that its worldwide futures orders, which are orders scheduled for delivery from December through April, are up 7 percent. Nike earned 74 cents per share for the period on revenue of $7.38 billion.
NEW YORK, Dec 19- U.S. stocks were little changed on Friday after the market's best two-day run in more than three years, with shares of Nike weighing on the Dow while energy shares led a modest advance on the benchmark S&P 500.. Brent crude oil advanced above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low, while WTI crude climbed 3.3 percent to $55.90.
CarMax jumped 10 percent after the used car dealership chain reported a surge in its latest quarterly earnings. Nike fell 4 percent after a drop in orders from Japan and developing markets in Asia overshadowed a strong quarter. The price of crude oil rose $1.80 to $56.16 a barrel in New York.
*Brent holds above $60 a barrel. Brent crude oil advanced above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low, while WTI crude climbed 3.3 percent to $55.90. It's kind of coming back to where we were about two weeks ago, "said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
CNBC's Jim Cramer breaks down Nike's better-than-expected fiscal Q2 earnings as revenues rose 15 percent from last year.
Companies making headlines before the bell Friday.
Benchmark U.S. crude bounced up from recent lows, climbing $2.36 to settle at $56.52 a barrel in New York, as traders bet that a 6- month plunge in prices had gone too far. Nike's stock dropped $2.24, or 2 percent, to $94.84. The maker of athletic apparel posted results that beat Wall Street's forecasts late Thursday, but a drop in orders from Japan and developing...
Dec 18- Nike Inc's futures orders rose at its slowest pace in four quarters, indicating weakening demand for the sportswear maker's products in emerging markets and western Europe. Expectations were extremely high after two quarters of "pretty big earnings beats," but Nike beat by a few pennies, Edward Jones analyst Brian Yarbrough said, adding that the slowdown...
Nike shares are sliding after earnings, but one bull probably isn't too concerned.
Nike reported quarterly earnings of 74 cents a share on revenue of $7.38 billion, beating expectations.
Companies making headlines after the bell Thursday:
Dec 18- Nike Inc said future orders, a indicator of growth, increased 11 percent in the latest quarter, the slowest rate in four quarters and lower than market estimates. As of the end of the quarter ending Nov. 30, worldwide futures orders for Nike brand footwear and apparel scheduled for delivery from December through April was 11 percent higher, excluding...
Nike is reporting an EPS beat of $0.74 on revenue beat of $7.38 billion, with CNBC's Dominic Chu.
BEAVERTON, Ore.— Nike Inc. says strong consumer demand helped boost its second-quarter revenue and profit. Nike's profit got a boost from the strong sales growth, improved margins and fewer outstanding shares. Nike also said that its worldwide futures orders, which are orders scheduled for delivery from December through April, rose 7 percent.
U.S. stock index futures signaled a sharply higher open on Thursday, as Wall Street cheered comments from Federal Reserve Chair Janet Yellen.
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The crowd, gathered at a Toledo mall, was waiting for a ticket that would allow them to buy Air Jordan shoes later this week.