American Apparel said it hired Scott Brubaker of turnaround firm Alvarez & Marsal as interim chief executive months after ousting founder Dov Charney.» Read More
Companies making headlines before the bell Friday:
NEW YORK, Sept 26- U.S.-listed shares of Blackberry Ltd were leading premarket actives on the Nasdaq Friday after the company posted quarterly results. On the New York Stock Exchange, Nike shares were surging, up 7.41 percent to $85.66, after the world's largest sportswear maker reported a better-than-expected quarterly profit.
NEW YORK, Sept 26- U.S. stock index futures were inching higher on Friday after major indexes suffered their biggest drop since July, ahead of data on economic growth and consumer optimism. *Later in the session at 9:55 a.m., investors will eye the Thomson Reuters/ University of Michigan's final September reading on consumer sentiment.
Paul Swinand, Morningstar, runs through Nike's quarterly numbers as competition in athletic apparel heats up.
NEW YORK— Good economic and corporate news helped the stock market stage a rebound at the end of a turbulent week of trading. Nike jumped after turning in higher profits, leading the Dow Jones industrial average higher.
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.
Check out which companies are making headlines after the bell Thursday: Apple, Micron, Nike & more.
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.
NEW YORK, Sept 25- U.S. stocks ended with sharp losses on Thursday, with the S&P 500 suffering its biggest one-day decline since July, as Apple tumbled and the dollar rose to a four-year high. About 80 percent of stocks traded on both the New York Stock Exchange and Nasdaq ended lower.
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.
Stocks tumbled in nervous trading as traders watched headlines on China and Russia, while weighing the potential impact of higher U.S. rates and the rising dollar.
NEW YORK, Sept 25- U.S. stocks were poised for a modestly lower open on Thursday after the S&P 500 notched its biggest gain in a month and following data on the labor market and durable goods.
U.S. stock index futures pointed to a marginally higher open on Thursday, ahead of earnings from Nike and more speeches from the FOMC.
NEW YORK, Sept 25- MannKind Corp shares were among the most actively traded in premarket on Thursday, after the company said it had closed a licensing agreement with Sanofi for the development and commercialization of its inhaled insulin product. MannKind said it will receive a $150 million upfront payment within 10 days of the closing.
NEW YORK, Sept 25- U.S. stock index futures were little changed on Thursday, after the S&P 500 notched its biggest gain in a month, ahead of data on the labor market and durable goods. *Weekly initial jobless claims data, due at 8:30 a.m., may provide investors with some insight on the health of the labor market.