Stocks to Watch: WAG, BBRY, UTX & More
Take a look at some of Friday’s morning movers:
Walgreen - The drugstore chain reported quarterly profit of $0.63 per share, excluding certain items, seven cents above estimates. However, Walgreen did report a 1.3 percent drop in same-store front end sales, while same store prescription sales fell 12.8 percent.
Research In Motion - The company reported a much-smaller-than-expected quarterly loss and better-than-expected sales. It also saw cash on hand rise from the prior quarter.
United Technologies - The Dow Jones Industrial Average component's stock has been downgraded to "perform" at Oppenheimer, following the company's analyst day. The firm said it's no longer as enthusiastic as it once was about faster growth fueled by recent acquisitions.
Nike - Nike reported fiscal first-quarter profit of $1.23 per share, 11 cents above estimates, with revenue also beating consensus forecasts. Nike did see gross margins decline by 80 basis points during the quarter, but future orders came in 6 percent above year-ago levels.
Finish Line - The athletic gear company reported fiscal second-quarter profit of $0.49, five cents above estimates, with comparable store sales up 12.3 percent. Separately, Finish Line has struck a deal with Macy's to become that retailer's exclusive provider of athletic shoes.
Hartford Financial - The company is selling its individual life insurance unit to Prudential Financial for $615 million in cash. Hartford’s stock had risen in Thursday trading on reports that the two sides were close to finalizing the deal.
Accenture - Accenture earned $0.88 per share for its fiscal fourth quarter, matching Street estimates. The consulting firm also raised its semi-annual dividend by 15 percent to $0.81 per share.
Micron Technology - Micron reported a wider-than-expected fiscal fourth-quarter loss, due to lower selling prices for computer memory chips and difficult market conditions. The loss marked Micron’s fifth consecutive quarter in the red, and the company is planning to implement more cost cuts in 2013.
Facebook - Facebook is launching a new service called Facebook Gifts, its first move into electronic commerce. It’s designed to take advantage of the millions of users who post birthday wishes for their Facebook friends and gives them the ability to send gifts as well.
Sony - The electronics maker has taken an 11 percent stake in troubled medical equipment and camera maker Olympus. The alliance will see Sony invest about $640 million and set up a joint venture in which Sony will hold a 51 percent stake.
Groupon - The daily deals maker has named its senior vice president of sales, Chris Muhr, as head of the Europe, Middle East, and Africa region, according to Reuters. At the same time, Senior Vice President Veit Dengler will be leaving the company. It’s the latest in a series of moves that have seen a number of key executives leave the company.
Nutrisystem - Nutrisystem has extended the contract of outgoing CEO Joe Redling until Nov. 2, as it continues the search for his replacement. Redling had been scheduled to depart on Sept. 30 when his contract expired.
Amazon.com - Amazon is planning online wine sales, its second attempt at selling and shipping wine. Amazon abandoned a prior effort in 2009 after its venture partner experienced financial troubles.
Medtronic - Medtronic is buying Chinese medical products maker China Kanghui Holdings in a deal worth $30.75 per share, or a total of $755 million.
—By CNBC’s Peter Schacknow
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